(Updated with details)
The owner of L’Occitane International 0973.HK, Reinold Geiger, is set to delist the French cosmetics group from the stock market in a deal that values it at around $7 billion (US$6.5 billion). ‘euros), debt included, Bloomberg agency reported on Sunday, citing sources close to the matter.
The Austrian billionaire, also president of L’Occitane International, is expected to make a proposal on Monday at 33 to 34 Hong Kong dollars for the shares he does not yet own.
(Reporting Rishav Chatterjee in Bangalore; French version Claude Chendjou)