Brief: L'occitane International Announces Acquisition Of Majority Stake In Sol De Janeiro Holdings

L'Occitane International SA

15/11/2021 08:36

Nov 15 (Reuters) - L'Occitane International SA  0973.HK :
    * L'OCCITANE INTERNATIONAL ANNOUNCES ACQUISITION OF A
MAJORITY
EQUITY INTEREST IN SOL DE JANEIRO HOLDINGS
    * TOTAL CASH CONSIDERATION BASED ON EQUITY VALUE FOR 100% OF
SHARES OF COMMON STOCK OF SOL DE JANEIRO OF US$450 MILLION
    * CO AGREED TO ACQUIRE AN INDIRECT EQUITY INTEREST OF ABOUT
83% IN
SOL DE JANEIRO


Further company coverage:  0973.HK 

 (Reuters.Briefs@thomsonreuters.com)