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Who owns Adidas?

LONDON, Oct 29 (Reuters) - Top Adidas (ADSGn.DE) shareholder Groupe Bruxelles Lambert (GBLB.BR) has cut its stake in the German sportswear company to 3.51%, Adidas announced in filings on Tuesday. GBL, the investment holding company for the billionaire Frère and Desmarais families, had announced on July 31 it had cut its stake to 5.1% from 7.6%.

Why is Adidas selling Reebok to Authentic Brands Group (ABG)?

REUTERS/Grigory Dukor/File Photo Purchase Licensing Rights BERLIN, Aug 12 (Reuters) - Adidas (ADSGn.DE) is selling Reebok to Authentic Brands Group (ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its core brand after a deal that did not deliver.

Will Adidas pay the 2.1 billion euros in cash?

Adidas said the majority of the 2.1 billion euros would be paid in cash at the closing of the transaction, expected in the first quarter of 2022, with the remained comprised of a deferred and contingent consideration. It said it would share the majority of the cash proceeds with its shareholders.

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