Shiseido signs deal to sell two skincare brands to L'Oreal

TOKYO Wed Feb 19, 2014 9:47pm EST

TOKYO Feb 20 (Reuters) - Japan's Shiseido Co Ltd said on Thursday that it has signed a deal to sell skincare brands Decleor and Carita to L'Oreal SA for about 230 million euros ($316.3 million).

The two companies had been in exclusive talks for the transaction since last October. ($1 = 0.7271 euros) (Reporting by Dominic Lau; Editing by Chang-Ran Kim)