Nestle to offload L’Oreal stake worth $10 billion -Breaking
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© Reuters. FILEPHOTO: Nestle’s logo is seen in Vers-chez-les-Blanc (Lausanne, Switzerland), August 20, 2020. REUTERS/Denis Balibouse(Reuters) – Nestle SA (SIX:) said on Tuesday it had agreed to sell 22.26 million L’Oreal shares to the cosmetics brand for 8.9 billion euros ($10.03 billion).
Nestle announced that it would acquire 20.1% in L’Oreal following the acquisition.
($1 = 0.8876 euros)
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