Brief: Coty Sells Remaining Stake In Wella To KKR

Coty

19/12/2025 07:38

Dec 19 (Reuters) - Coty Inc COTY.N:

SELLS REMAINING STAKE IN WELLA TO KKR

SELLS REMAINING 25.8% STAKE IN WELLA TO KKR

RECEIVES $750 MILLION UPFRONT CASH AND 45% FUTURE PROCEEDS

DEAL REDUCES COTY'S NET LEVERAGE TO ~3X BY CY25

TO USE WELLA CASH PROCEEDS TO PAY DOWN DEBT

 ((Reuters.Briefs@thomsonreuters.com;;))