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FRANCE: More Speculation About Nestle Takeover Of L’Oreal

A new report has renewed speculation about a possible takeover of L’Oreal by Nestle. Local magazine Challenges reports that Exane BNP Paribas has drawn up a scenario in which Nestle would raise its stake in L'Oreal from the current 28.9% to 51%.

Nestle and L’Oreal have been the focus of continued speculation over the past few months. The agreement between the Bettencourt family, which currently owns 30% of L’Oreal, and Nestle expires next April. The magazine cited a Bettencourt family member as saying that such a move would be considered "unfriendly."

NamNews - Thursday 27th November 2008


FRANCE: More Speculation About Nestle Takeover Of L’Oreal

 


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