Global skincare brand L’Occitane set to go private in £1.4bn deal
L’Occitane International chair Reinold Geiger is set to take the Hong Kong-listed skincare firm private in a HK$13.91bn (£1.4bn) deal, the company announced on Monday.
The deal makes Geiger the majority owner of the French skincare brand with his investment holding company L’Occitane Groupe in Luxembourg paying a 30.8% premium on each share on the stock’s last close on 5 February.
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