L’Oréal’s Board of Directors authorized the acquisition by L’Oréal from Nestlé of a block of 48,500,000 L’Oréal shares, representing 8% of its share capital. This acquisition was conditioned upon the sale to Nestlé of L’Oréal’s holding in Galderma. L’Oréal and Nestlé signed the share purchase agreement; the completion of the sale is conditional upon the approval of the sale by…
