CCI approves acquisition of certain shareholding in PUMA SE by Ancat Holding GmbH
India, June 10 -- The Competition Commission of India (CCI) has approved acquisition of certain shareholding in PUMA SE by Ancat Holding GmbHm.The proposed combination involves the acquisition by Ancat Holding GmbH (Ancat) (an indirect wholly owned subsidiary of ANTA) of 29.06% of the issued and outstanding share capital of PUMA SE (PUMA) by way of a secondary share purchase.Ancat is an acquisition vehicle and does not carry on any business activities, whether in India or outside. ANTA is principally engaged in the research and development, design, manufacturing, marketing and sales of sports products including footwear, apparel and accessories.PUMA is a global sportswear and athletic footwear company engaged in the design, development, mar...
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