FILE PHOTO: A Nestle logo is pictured at Vers-chez-les-Blanc in Lausanne, Switzerland August 20, 2020. REUTERS/Denis Balibouse
December 7, 2021
(Reuters) – Nestle SA 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).
Following the deal, Nestle said it would own 20.1% of L’Oreal.
($1 = 0.8876 euros)
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Ramakrishnan M.)