L'Oreal remains Sanofi's core shareholder - CEO Agon
PARIS Feb 11 (Reuters) - L'Oreal remains French drugmaker Sanofi's core shareholder and is "very happy" with that situation, the cosmetics group's Chief Executive Jean-Paul Agon said on Tuesday.
L'Oreal earlier unveiled a deal with Swiss consumer goods group Nestle to buy back 8 percent of its capital for 6.5 billion euros ($9 billion). It said the deal would not require the disposal of Sanofi shares held by L'Oreal.
L'Oreal holds just under 9 percent of Sanofi's shares.
(Reporting by Natalie Huet)