SAO PAULO (Reuters) - Brazilian cosmetics maker Grupo Boticario is analyzing a bid for the Brazilian operations of Coty Inc COTY.N, Boticario Chief Executive Artur Grynbaum said on Thursday, according to a report on the website of Brazilian newspaper Valor Economico.
Grynbaum said the group is considering a bid that would be delivered next month to Coty's financial advisor, Credit Suisse Group AG CSGN.S.
Spokespersons for Boticario and Coty did not immediately respond to a request for comment.
Reporting by Tatiana Bautzer and Gabriela Mello; Editing by Sandra Maler
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