Key Developments: L'Oreal SA (OREP.PA)

OREP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

L'Oreal signs agreement to acquire Niely Cosmeticos Group in Brazil
Monday, 8 Sep 2014 02:31am EDT 

L'Oreal SA:Says it has signed agreement to acquire Niely Cosmeticos in Brazil.Financial details are not disclosed.  Full Article

L'Oreal finalizes disposal of its 50 pct ownership in Galderma to Nestle
Tuesday, 8 Jul 2014 12:00pm EDT 

L'Oreal SA:Finalizes disposal of its 50 pct ownership in Galderma to Nestle.  Full Article

HCP & Company Signs Agreement to Sell Investment in NYX Cosmetics to L'Oreal SA
Wednesday, 18 Jun 2014 12:30pm EDT 

L'Oreal SA:Says HCP & Company signing of agreement to sell its investment in NYX Cosmetics to L'Oréal, as part of sale of company.  Full Article

L'Oreal signs agreement to acquire NYX Cosmetics
Wednesday, 18 Jun 2014 11:45am EDT 

L'Oreal SA:Signs definitive agreement to acquire NYX Cosmetics, based in Los Angeles.NYX FY 2013 net sales of $72 mln.NYX offers catalog of products including everyday basics, on-trend shades and special occasion makeup, among others.NYX Cosmetics is to continue operating out of Los Angeles headquarters under its current leadership team.Brand to become part of Consumer Products Division of L'Oreal.Closing is subject to usual regulatory approvals and other customary conditions.  Full Article

L'Oreal completes acquisition of Decleor and Carita
Wednesday, 30 Apr 2014 11:42am EDT 

L'Oreal SA:Finalizes acquisition of Decleor and Carita and completes transfer of ownership.  Full Article

L'Oreal to distribute FY 2013 dividend
Thursday, 17 Apr 2014 11:51am EDT 

L'Oreal SA:Decides to pay FY 2013 dividend of 2.50 euros per share.Dividend increased to 2.75 euros per share for shares held in registered form continuously for at least two years.Dividend payment date May 5.  Full Article

L'Oreal acquires Magic Holdings International Limited
Tuesday, 8 Apr 2014 02:30am EDT 

L'Oreal SA:Acquisition of Magic Holdings International Limited announced as effective, following approval by its AGM.Magic Holdings is Chinese company specializing in cosmetics facial masks and reported FY 2013 turnover of about 166 million euros.  Full Article

L'Oreal and Nestle sign mixed share purchase agreement
Monday, 24 Mar 2014 03:30am EDT 

L'Oreal SA:Says to have signed on March 21 mixed share purchase agreement with Nestle to acquire 48,500,000 own shares, representing 8 pct of share capital.Acquisition conditioned upon sale to Nestle of company's holding in Galderma.Sale completion conditional upon approval of competition authorities.  Full Article

Shiseido Co Ltd announces sale of CARITA and DECLÉOR activities to L'Oreal SA
Wednesday, 19 Feb 2014 09:30pm EST 

Shiseido Co Ltd and L'Oreal SA:Shiseido Co Ltd announces signature of an agreement with L'Oreal SA for the sale of its CARITA and DECLÉOR activities, as a result of the exclusive negotiations started on Oct. 18, 2013.Shiseido intends to sell Carita International S.A. (Carita) deploying CARITA activities, Laboratoires Decléor S.A.S. (Decléor) deploying DECLÉOR activities and its subsidiaries, and Fipal S.A.S. (Fipal), the holding company of Decléor, to L'Oreal.The transaction price is 227.5 million euros in total, and Shiseido will sell 148,575 shares (100 pct stake) in Carita and 990,700 shares (100 pct stake) in Fipal.The consummation of the transaction would be subject to the satisfaction of conditions precedent provided in the purchase agreement, including, in particular, clearance from the competent authorities in any relevant countries and regions.  Full Article

L'Oreal SA's IDR rating at F1+ affirmed by Fitch Ratings-Reuters
Wednesday, 12 Feb 2014 06:45am EST 

L'Oreal SA:Fitch Ratings has affirmed L'Oreal SA's Short-term Issuer Default Rating (IDR) at F1+ - Reuters.The agency has also affirmed L'Oreal USA Inc's commercial paper (CP) programme, guaranteed by L'Oreal, at F1+.According to Fitch, the rating action follows L'Oreal's announcement that it will buy back 48.5 million of its shares from shareholder Nestle.Fitch estimates that L'Oreal could return to a small net debt position by 2016.According to the agency, the rating continues to reflect L'Oreal's business profile and financial flexibility.  Full Article

L'Oreal says bans all business travel to Hong Kong until October 6

PARIS - Cosmetics giant L'Oreal has banned all its staff from business travel to Hong Kong until Oct. 6 in reaction to mounting unrest in the former British colony.

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