About: http://data.cimple.eu/news-article/e219deaa928ea71cc3394449b727367e1b5419beb53451ab0424317b     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • French group Kering, which owns Gucci, said Wednesday it will sell a further $1.0 billion worth of shares in Germany's Puma as it continues to unwind its investment in the sneaker and sportswear maker to focus on higher-end luxury brands. Kering said in a statement that it had launched "the sell-down of approximately 8.9 million shares, representing approximately 5.9 percent of the share capital of Puma, through a placement to qualified investors only by way of an accelerated bookbuilding process". Following the sale, the French group which is controlled by the Pinault family, would continue to hold 4.0 percent of Puma's outstanding shares, it said. Kering originally acquired the German brand in 2007, and held some 86.3 percent when it announced in 2018 that it would gradually wind down its investment. Based on the closing price of Puma shares on the Frankfurt stock exchange on Wednesday, the transaction would be worth more than 830 million euros or $1.0 billion. "The proceeds of this transaction will be used for the general corporate purposes of Kering and will further strengthen its financial structure," the statement said. tsq/cpn/spm/har
schema:headline
  • Gucci owner Kering continues to wind down Puma stake
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software