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Reuters
Published
Mar 8, 2009
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Adidas to focus on paying down debt in 2009 -CFO

By
Reuters
Published
Mar 8, 2009

HERZOGENAURACH, Germany, March 4 (Reuters) - Adidas (ADSG.DE) will focus on paying down debt this year, Chief Financial Officer Robin Stalker said on Wednesday.

The world's second-biggest sporting goods maker also said it planned no further share buybacks.

Adidas shares rose 3.1 percent to 23.61 euros by 0900 GMT, outpacing the German blue-chip DAX index .GDAXI, which rose 1.3 percent.

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