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

TOKYO Wed Feb 19, 2014 9:53pm EST

The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014. REUTERS/Benoit Tessier

The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014.

Credit: Reuters/Benoit Tessier

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TOKYO (Reuters) - Japan's Shiseido Co Ltd (4911.T) said on Thursday that it has signed a deal to sell skincare brands Decleor and Carita to L'Oreal SA (OREP.PA) 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)

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