An Anta store in Shanghai. CHINA DAILY

Anta Sports Products Ltd has completed its acquisition of a 29.06 percent stake in Puma SE, becoming the German sportswear company's largest shareholder as the Chinese sportswear group accelerates its global expansion.

The Hong Kong-listed company said on Wednesday that it had completed the 1.51 billion euro ($1.69 billion) all-cash purchase of the stake from Artemis SAS, the investment company of the Pinault family, after receiving all the required regulatory approvals and satisfying customary closing conditions.