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KER Kering SA News Story

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Brief: Kering And L'Oréal Complete Their Strategic Alliance

March 31 (Reuters) - L'Oreal SA OREP.PA:

KERING AND L'ORÉAL COMPLETE THEIR STRATEGIC ALLIANCE

THIS TRANSACTION IS VALUED AT €4 BILLION, PAID TODAY IN CASH

L’ORÉAL WILL ALSO PAY ROYALTIES TO KERING FOR THE USE  OF THE LICENSED BRANDS

Further company coverage: OREP.PA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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