L'Oreal SA (OREP.PA)
26 Jul 2017
PARIS, June 29 Tethys Invest, an investment fund of L'Oreal's largest investor, the Bettencourt-Meyers family, said on Thursday it had bought a minority stake in French private hospital group Elsan.
* L'Oréal announces that the contract for the sale of The Body Shop to Natura was signed after receiving the advice of L'Oréal's Works Council, regarding this deal which was previously announced on 9 June
* Nestle shares up 4.3 pct, touch record high; L'Oreal up 3.9 pct
MILAN European shares rose on Monday as banks rallied after Italy reached a deal to wind up two failed regional banks and Nestle climbed to a new record after an activist investor urged changes at the consumer bellwether.
* Oil bounce also supports market (Adds details, updates prices)
PARIS French cosmetics and luxury goods group L'Oreal has started exclusive talks to sell The Body Shop business to Brazilian make-up company Natura Cosmeticos in a possible 1 billion euros ($1.1 billion) deal.
* Natura shares fall, to finance deal via loans (Adds detail on Natura's financing, fund manager comment)
PARIS French cosmetics and luxury goods group L'Oreal has started exclusive talks to sell its The Body Shop business to Brazilian make-up company Natura Cosmeticos in a possible 1 billion euros ($1.1 billion) deal.
PARIS, June 9 French cosmetics and luxury goods group L'Oreal has started talks with Brazilian make-up company Natura Cosmeticos over selling its Body Shop business, L'Oreal said on Friday.
LONDON European private equity firm Investindustrial has invited the investment vehicle of Alibaba's founder Jack Ma to submit a joint bid of more than 800 million euros ($900 million) for L'Oreal's The Body Shop, sources familiar with the matter said on Friday, just days before a deadline for final bids.