Chinese sportswear giant Anta Sports Products is reportedly considering a bid to acquire German sportswear brand Puma, according to a Bloomberg News report on Thursday.

Anta, listed on the Hong Kong stock exchange, has been working with an advisor to assess the feasibility of a takeover and is reportedly exploring the option of partnering with a private equity firm to pursue the deal, sources familiar with the matter told Bloomberg.

The potential acquisition, if pursued, would be a significant move for Anta, further expanding its global footprint as it competes with industry leaders such as Nike and Adidas. The report did not specify the timeline or the terms under consideration for the proposed bid.