Tuesday, January 27, 2026 at 12:21 PM
ANTA Sports has reached a share purchase agreement to acquire a 29.06% stake in PUMA SE for EUR 1.5 billion, enhancing its global reach and supporting PUMA's management and brand identity.
The German footwear and apparel company will begin a €1 billion buyback program for 2026 after it reported higher preliminary revenue for the fourth quarter.
The €1 billion share buyback reflects positive brand momentum and cash-flow generation, robust fundamentals and management confidence, the company said.
Chinalco and Rio Tinto will acquire a 69% stake in Companhia Brasileira de Aluminio for about $900 million.
Alibaba’s logistics arm is merging its autonomous-driving unit with Chinese robovan specialist Zelos Technology.
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