Brief: Avon Products Says Thefaceshop Co To Buy Avon Manufacturing (Guangzhou) Ltd For $71 Mln

LG H&H

08/01/2019 12:16

Jan 8 (Reuters) - LG Household & Healthcare Ltd  051900.KS :
    * AVON PRODUCTS - THEFACESHOP CO WILL ACQUIRE ALL OF EQUITY
INTERESTS IN AVON MANUFACTURING (GUANGZHOU) LTD FOR A TOTAL
PURCHASE PRICE OF $71 MILLION
    * AVON PRODUCTS - PURCHASE PRICE INCLUDES ABOUT $22.5
MILLION IN
CASH FOR REQUIRED REPAYMENT BY COMPANY OF CERTAIN OUTSTANDING
INTERCOMPANY LOANS
    * AVON PRODUCTS INC - PURCHASE PRICE ALSO INCLUDES ABOUT AN
ADDITIONAL $4.5 MILLION FOR CASH IN OPERATION

Source text: [https://bit.ly/2VEr9KN]
Further company coverage:  051900.KS 

 (Reuters.Briefs@thomsonreuters.com)