Adidas Stake Reduction by GBL
LONDON (Reuters) – Top Adidas shareholder Groupe Bruxelles Lambert has reduced its stake in the German sportswear giant to 3.51%, as announced in filings on Tuesday.
GBL, the investment holding company for the billionaire Frère and Desmarais families, had previously revealed on July 31 that it had cut its stake from 7.6% to 5.1%.
Adidas shares experienced a robust performance last year, increasing by 16% since the beginning of 2024.
A GBL spokesperson stated, "We sold some shares but reiterate our support to the company, its management, and its strategy," in an emailed response to Reuters inquiries on Tuesday.
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