China's Anta Sports exploring potential takeover of Puma

Chinese sports apparel company Anta Sports Products is among firms exploring a potential takeover of Puma, according to people familiar with the matter.

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Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, said the sources, who asked not to be identified because the information is private.

The company may team up with a private equity firm if it decides to move forward with an offer, some of the sources said.

Other potential bidders could include rival Chinese apparel firm Li Ning, the sources said.

Li Ning, named after the legendary gymnast who founded the company, has been discussing financing options with banks as it takes an early look at Puma, the sources said.

Puma may also attract interest from sportswear companies such as Japan’s Asics, they said.