Cosmetics giant Coty has entered into an agreement to sell a 3.6 percent stake in hair care and beauty company Wella. The binding letter of intent to sell comes in regards to a portion of Coty’s entire stake in Wella, for which it currently holds 25.9 percent. Coty is planning to sell the 3.6 percent for 150 million dollars to investment firm...
18 Jul 2023
Coty has confirmed that it has agreed to sell a 9 percent stake in professional haircare brand Wella to KKR in exchange for the redemption of half of KKR’s remaining convertible preferred shares in Coty. The deal will reduce Coty’s total shareholding in Wella to approximately 30.6 percent, which is valued at approximately 1.38 billion US...
4 Oct 2021
