Stock market news: On Thursday, 27 November 2025, Puma SE shares on Germany's Xetra exchange surged over 17% during intraday trading following speculation about a possible acquisition by Chinese sportswear company Anta Sports Products.
Shares of the German footwear giant rose following media reports that Chinese sportswear leader Anta Sports Products is considering acquiring the shoemaker.
Anta Sports targets acquisition of Puma
According to Bloomberg, citing sources familiar with the matter, China's Anta Sports Products is considering a possible acquisition of Puma SE. The company is collaborating with a financial advisor to assess a potential bid and may partner with a private equity firm if it proceeds with an offer for the German footwear manufacturer.
The agency report indicated that possible contenders might involve Chinese sportswear competitor Li Ning Co, along with other athletic apparel brands such as Japan’s Asics Corp. Sources familiar with the matter noted that discussions regarding the acquisition are still in the early stages, and it remains uncertain which interested parties will move forward with formal offers, according to the news report.
Anta Sports, a Chinese sportswear manufacturer listed on the Hong Kong Stock Exchange, saw its shares rise by 1.66% to close at 85.65 Hong Kong dollars on Thursday, up from 84.25 Hong Kong dollars in the previous session.
Puma SE share price movement
During Thursday's trading, Puma SE's stock surged 17.4% to reach an intraday peak of 19.97 euros, up from the prior closing price of 17.01 euros. As of 10:58 a.m. (CET), the shares were up 14.73%, trading at 19.50 euros, based on MarketWatch data.
In the past five years, Puma's share value has declined by over 76%, including a drop of more than 56% in the last year. So far in 2025, the stock has fallen 56.05% year-to-date. Despite a 10.76% decline in Puma’s stock value over the past month, market data shows that the footwear company’s shares have delivered a 25.99% return to investors in the last five trading sessions.
Puma shares reached a 52-week peak of 47.15 euros, while their lowest point over the past year was 15.30 euros. According to MarketWatch, the stock is currently trading above its annual low. As of Thursday, 27 November 2025, the footwear company's market capitalisation was valued at 2.5 billion euros.
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