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Adidas shares slide as traders say its top investor GBL plans to cut its stake

Adidas shares slide as traders say its top investor GBL plans to cut its stake thumbnail

Adidas shares fell 3% on Wednesday on news that one of the German sportswear company’s top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its near 4 billion euro ($4.5 billion) stake, three traders said. Belgian investment f…

Adidas shares fell 3% on Wednesday on news that one of the German sportswear company’s top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its near 4 billion euro ($4.5 billion) stake, three traders said.
Belgian investment f…
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