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L’Oréal has always remained neutral on the subject of a sale

The Chairman of Nestle, Paul Bulcke has confirmed that the company’s stake in L’Oréal is ‘something active on the board’s agenda’, according to a report published by Reuters quoting an interview with the Financial Times.

Speculation over Nestle’s continued ownership of its 23 percent stake in the French beauty giant has been rife since the death of Lilian Bettencourt last fall. However, thus far, the French food business has held back from divesting its shares, despite pressure from activist investor Dan Loeb, claiming that it is a ‘fabulous investment’.

L’Oréal has always remained neutral on the subject of a sale but noted that it has sufficient funds to buy back the shares if necessary.

The post On the agenda: Nestle confirms L’Oréal stake’s future is under discussion appeared first on Global Cosmetics News.

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