Ancat Holding GmbH
Case brief
What is this about?
The Competition Commission of India approved the acquisition of PUMA SE by Ancat Holding GmbH (subsidiary of ANTA) under Section 31(1). The Commission found no likelihood of appreciable adverse effect on competition in the overlapping sports equipment segment due to significant constraints from other competitors.
What did the court decide?
The Proposed Combination is approved under Section 31(1) of the Act.
What the court decided
COMPETITION COMMISSION OF INDIA
Combination Registration No. C-2026/04/1414
9th June 2026
Notice under Section 6(2) of the Competition Act, 2002 given by Ancat Holding GmbH
CORAM:
Ms. Ravneet Kaur Chairperson
Mr. Anil Agrawal Member
Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 24th April 2026, the Competition Commission of India ( Commission ) received a Notice under Section 6(2) of the Competition Act, 2002 ( Act ) given by Ancat Holding GmbH ( Ancat/Acquirer ) in relation to its acquisition of the issued and outstanding share capital of PUMA SE ( Puma/Target ). The Notice was filed pursuant to a share purchase agreement dated 26th January 2026 ( SPA ) entered between ANTA Sports Products Limited ( ANTA ) and Artémis SAS ( Seller ).
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of PUMA SE share capital by Ancat Holding GmbH, a subsidiary of ANTA group, is likely to cause an appreciable adverse effect on competition in India.
Whether the horizontal overlaps in the sports equipment/accessories segment and vertical linkages between wholesalers and retailers justify approval of the combination.
Parties & counsel
- petitioner
Competition Commission of India
- respondent
Ancat Holding GmbH
Coram
Ravneet Kaur
Case details
As recorded by the court registry
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