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Move valued at more than $29 billion.
August 30, 2013
By: TOM BRANNA
Editor
It looks like L'Oréal will finally convince Nestlé to leave the nest in 2014. L'Oreal will try to buy Nestle's 29.5% stake in the French cosmetics giant next year, French daily Les Echos reported, citing L'Oréal Chief Executive Jean-Paul Agon. The newspaper quoted Agon as saying L'Oréal would have the means to buy the Swiss food group's holding from April 2014, when a 10-year mutual right of first refusal with L'Oréal's founding Bettencourt family expi...
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