CCI Approves Ancat’s Acquisition in PUMA SE

The Competition Commission of India (CCI) has approved Ancat Holding GmbH’s acquisition of 29.06% shareholding in PUMA SE through a secondary purchase. Ancat is an indirect wholly-owned subsidiary of ANTA Sports. ANTA engages in sports footwear, apparel, and accessories. PUMA is a global sportswear company involved in design, marketing, and sales of athletic products. The approval clears the combination with no significant competition concerns in India.