11:56 PM EST, 11/02/2026 (MT Newswires) -- Argan (ARG.PA) purchased German sportswear company Puma's (PUM.F) strategic logistics facility in Vendenheim, France, according to a Monday filing. The 41,000-square-meter facility houses Puma's business-to-business operations in France. Logistics and transport company ID Logistics is operating the LCR-developed property. The French logistics-focused real estate investment trust said the purchase fortifies its position in the Strasbourg logistics hub.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.