Following the expiry of the initial acceptance period of French luxury goods group PPR’s offer for German sportswear brand Puma, PPR now holds a 33.2% stake (5,321,764 shares) in Puma.

The additional acceptance period, which started on June 28 and ends on July 11, will provide Puma shareholders with a final opportunity to tender their Puma shares at €330 per share.

With approximately 78,000 employees in 75 countries PPR’s brands include Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney.