Deal is not first step towards L’Oreal’s exit: Nestle

Deal is not first step towards L’Oreal’s exit: Nestle

[Reuters] – L’Oreal (OR.PA) will buy 8 percent of its capital for 6.5 billion euros ($9 billion) from Swiss consumer goods group Nestle, boosting the French cosmetics group’s earnings per share by more than 5 percent. The deal will cut Nestle’s stake in more

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