Exist an opinion that French PPR plans to get a share in German Puma

06.04.2007
French company of retail trade in fashionable accessories and luxury goods PPR SA negotiates with family Herz who is the largest shareholder of German company on manufacture of sportswear Puma AG, for purchase of its share in this company so that then to propose purchase and all other parts of Puma’s shares. Such information has been published on Friday on April, 6 in the on-line version of Wall Street Journal edition. According to the edition, two members of family Herz– Gunther and Daniela – owning about 30% of Puma’s stocks, are close to agreeing to sell PPR company’s stocks. In opinion of Wall Street Journal, such step could make company Puma more known by means of it’s transference to the category of the fashionable goods because PPR sells goods under belonging to it brands Gucci, Yves Saint Laurent and Balenciaga. If PPR will really suggest to purchase Puma’s stocks under higher price, that it bargain at the Frankfurt stock exchange, and then will redeem other stocks under same price the price of company Puma will make more than 5,4 billion euro ($7,22 billion).

Source: k2kapital.com