Adidas slides as traders say top investor GBL plans to sell part of stake

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Adidas slides as traders say top investor GBL plans to sell part of stakeGBL and Adidas, whose shares hit record highs on Tuesday, were not immediately available for comment. At 0801 GMT, Adidas shares were down 2% at 256.9 euros and lagging the broader DAX index, which was down 0.3%. GBL, founded by Belgium's richest man Albert Frere, who died in December at the age of 92, first invested in Adidas in 2015 with the purchase of a 3% stake.


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