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Sells back shares as it reduces holding to 20.1%.
December 8, 2021
By: Christine Esposito
Editor-in-Chief
L’Oréal’s board of directors has unanimously approved the repurchase by L’Oréal, as part of its share buyback program, of 22.26 million of its own shares—representing 4.0% of its capital—from Nestlé. The total price paid to Nestlé is €8.9 billion, or approximately $10.0 billion, according to L’Oréal. “This transaction with Nestlé is in the interest of the company and all of its shareholders. It constitutes a new strategic milestone in reinforcing the shareholder stability of L’Oréal aroun...
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