HK-listed L'Occitane at 2-year peak on report of Blackstone mulling buyout bid
06/02/2024 04:12
** Shares of skincare firm L'Occitane International SA
0973.HK jump as much as 15.4% to HK$30, their highest since
February 2022, on course for fifth straight session of gains
** Stock on track for biggest one-day pct rise since January
2021, if gains hold
** PE Blackstone BX.N is considering a bid for Hong
Kong-listed L'Occitane, Bloomberg News reported on Monday,
citing people familiar with the matter, sending the French
firm's shares to their highest in two years
** Blackstone declined to comment, while L'Occitane did not
immediately respond to Reuters' request for comment
** Hang Seng Commerce & Industry Index .HSNC surges 3.3%,
while Hang Seng Consumption Index .HSCGSI and Hang Seng Index
.HSI both rise 2.5 %
** L'Occitane stock up 27.4% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))