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PPR, owner of the Gucci Group of luxury-goods brands, acquired 27.1% stake in PUMA for EUR330 per share in cash. PPR intends to launch a friendly takeover offer in cash on the remaining outstanding PUMA shares at the same price of EUR330 per share.
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Shares of Suez SA, the world's second-largest water company, rose more than 4% to an all-time high of €40 ($52.60) on the 29 December.
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