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Today's sale follows three earlier transactions over the last three months.
November 10, 2021
By: Christine Esposito
Editor-in-Chief
Coty Inc. today announced the sale of KKR’s remaining 2.4% ownership stake. The transaction follows three earlier transactions over the last three months; as a result KKR has fully exited Coty. Earlier this week, Coty announced its quarterly results as well as a transaction that reduced KKR's ownership take to just 2.4%. Following the completion of the transaction, Coty’s convertible preferred share balance totals approximately $146 million, or the equivalent of approximately 23 mi...
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