L'Occitane's billionaire owner close to possible $7 bln buyout bid, Bloomberg reports

L'Occitane International SA

28/04/2024 19:45

April 29 (Reuters) - The chairman and billionaire owner
of L'Occitane International SA  0973.HK  is close to making a
proposal to take the French skin-care firm private in a deal
that could value it at about $7 billion including debt,
Bloomberg News reported, citing people familiar with the matter.

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Andrew
Cawthorne)
 ((Rishav.Chatterjee@thomsonreuters.com;))