S.Korea CJ says considering bid for L'Oreal's The Body Shop

CJ

05/04/2017 01:29

SEOUL, April 5 (Reuters) - South Korea's CJ Corp said on 
Wednesday it is considering entering a bid for L'Oreal SA's 
 OREP.PA  brand The Body Shop.  
    CJ Corp, the holding company for food-to-entertainment 
conglomerate CJ Group, said in a regulatory filing nothing had 
been decided, including whether it would enter a bid or what 
unit might launch any potential bid.  
    L'Oreal's sale of British retailer The Body Shop has drawn 
interest from a series of private equity investors who are 
lining up indicative bids ahead of a mid-April deadline, sources 
told Reuters last month.  urn:newsml:reuters.com:*:nL5N1GX3Z3 
 
 (Reporting by Joyce Lee; Editing by Paul Tait) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: L'OREAL THEBODYSHOP/M&A CJ