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L'Oreal SA announces the approval by the MOFCOM to proceed with the acquisition of Magic Holdings International Ltd in China

Monday, 13 Jan 2014 12:00pm EST 

L'Oreal SA and Magic Holdings International Ltd:Confirm he approval by the Ministry of Commerce of the People’s Republic of China (MOFCOM*) to proceed with the implementation of the acquisition of Magic Holdings International Ltd by L'Oreal SA.Say the other pre-conditions to the implementation of the transaction have been satisfied.Say the transaction is proposed to be implemented as a scheme of arrangement.Say the transaction is expected to close during the second quarter of 2014. 

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