Hypermarcas SA (HYPE3.SA) Key Developments | Reuters.com
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Hypermarcas SA (HYPE3.SA)

HYPE3.SA on Sao Paolo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hypermarcas SA to propose dividend payment
Monday, 21 Mar 2016 04:35pm EDT 

Hypermarcas SA:Says it will propose to the general meeting a dividend payment amounting to 24.9 million Brazilian reais, corresponding to 0.039 reais per share.Record date on April 14.Ex-dividend date on April 15.Dividend to be paid in 60 after its approval.  Full Article

Hypermarcas SA - Henkel AG & Co. KGaA challenges Coty's Brazil purchase before antitrust watchdog - Reuters
Tuesday, 22 Dec 2015 12:36pm EST 

Hypermarcas SA:Henkel & Co KGAa AG filed on Tuesday a request with Brazilian antitrust regulators to review a decision to approve Coty Inc's purchase last month of Hypermarcas SA's beauty care unit - RTRS.Henkel is challenging a Dec. 7 decision by antitrust watchdog Cade to approve Coty's acquisition with no conditions of dozens of brands and several factories that Hypermarcas owned - RTRS.In a document, Brazilian law firm Levy Salomão, which represents Henkel in the matter, said Cade failed to consider the combined impact of the Hypermarcas deal with Coty's recent acquisition of Procter & Gamble Co's beauty care products - RTRS.Both transactions would allegedly give Coty as much as a 35% market share in Brazil's hair coloring market, the document said - RTRS.Coty agreed in July to pay P&G $12.5 bln for 43 brands, and also offered in Nov about $1 billion to buy Hypermarcas's beauty care unit. "The combined effect of these transactions will substantially change the Brazilian cosmetics and personal care industries", the document said - RTRS.The petition will be analyzed by Cade councilor João Paulo Resende. Should he find Henkel's petition valid, the request will be analyzed and discussed by Cade's board of councilors - RTRS.Henkel challenged Cade's initial approval since the former was found to be an interested third party in the transaction. Henkel competed for the Hypermarcas and P&G deals, according to a source with direct knowledge of the matter - RTRS.  Full Article

Hypermarcas SA enters into agreement with Coty Inc to sell cosmetics business
Tuesday, 3 Nov 2015 05:56am EST 

Hypermarcas SA:Announces that has reached agreement with Coty Inc to sell cosmetics business for 3.8 billion Brazilian reais, to be paid until Q3 2016.Says cosmetics business has generated net income of 977.5 million reais in 2014, corresponding to about 20 percent of the company’s total net income for the period.  Full Article

Capital Research Global reaches a 10 pct stake in Hypermarcas SA
Tuesday, 31 Mar 2015 08:44am EDT 

Hypermarcas SA:Says on March 30 Capital Research Global Investors reached a holding of 63,643,500 ordinary shares of the company, corresponding to approximately 10.07 percent stake in its share capital.  Full Article

Hypermarcas SA issues FY 2015 EBITDA guidance slightly below analysts' estimates
Monday, 9 Feb 2015 06:22am EST 

Hypermarcas SA:Sees fiscal year 2015 adjusted EBITDA guidance of about 1.2 billion Brazilian reais.Analysts are expecting the company to report fiscal year 2015 EBITDA of 1.261 billion Brazilian reais-Thomson Reuters I/B/E/S Estimates.  Full Article