#stocks
Egyptian billionaire and business mogul Nassef Sawiris has purchased a 6 percent stake in international sporting goods maker Adidas, making Sawiris the German brand’s top investor. NNS Holding, a privately-owned investment group of which Sawiris is a director, disclosed the investment on Friday. According to regulations, an investment exceeding a 5 percent share in a listed company must be disclosed. According to Bloomberg Business, Adidas’ shares have risen by 41 percent this year, making it the second-best performer in Germany’s…
