Key Developments: L'Oreal SA (OREP.PA)
135.00EUR
17 May 2013
€-1.65 (-1.21%)
€136.65
€135.50
€136.00
€133.60
1,317,370
694,954
€137.85
€86.80
Latest Key Developments (Source: Significant Developments)
L'oreal SA acquires the Colombian Vogue group
L'oreal SA announced that it has signed a contract for the acquisition of Colombian Vogue group from its shareholders. This acquisition will be completed pending the usual regulatory approvals, in particular the approval of the anti-trust authority. The financial terms were not disclosed. Full Article
L'Oreal SA's L'Oreal USA Signs Agreement to Acquire Emiliani Enterprises
L'Oreal SA's L'Oreal USA announced the acquisition, for its SalonCentric division, of the professional distribution business of the New Jersey-based company Emiliani Enterprises. Emiliani Enterprises supplies hair salons through a network of representatives and sales outlets open only to professionals. The financial terms of the deal were not disclosed. Full Article
L'oreal SA Issues FY 2012 Guidance
L'oreal SA announced that it expects to achieve a solid growth of its revenue and results for full year 2012. The Company full year 2011 revenue of EUR 20,343.1 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full year 2012 revenue of EUR 22,208.7 million. Full Article
L'Oreal Completes Sale of Home Care Business from Cadum Group to Eau Ecarlate SAS
L'Oreal announced that it has completed the sale of the home care business from the Cadum Group to Eau Ecarlate SAS. Further details were not disclosed. Full Article
Aarhuskarlshamn AB and L'Oreal Sign Agreement to Develop Sustainable Trade of Shea Kernels
Aarhuskarlshamn AB (AAK) announced that AAK and L'Oreal have signed an agreement to develop the trade of shea kernels targeting to improve the volumes and the quality of the raw material and to secure improved living conditions for women in Burkina Faso, West Africa. The agreement is linked to an initiative that AAK announced earlier in 2012, which will triple the Company’s activities to include more than 30,000 women in Burkina Faso. AAK and L'Oreal have had a dialog on how to develop the shea trade and improve the situation for the women in West Africa. L'Oreal will now support AAK’s program and will be the receiver of the shea emanating from the project until at least 2014. Full Article
Fitch Affirms L'Oreal SA at F1+-Dow Jones
Dow Jones reported that Fitch Ratings has affirmed L'Oreal SA's (L'Oreal) Short-term Issuer Default Rating (IDR) at F1+. The agency has also affirmed L'Oreal USA Inc.'s commercial paper (CP) programme guaranteed by L'Oreal at F1+. Full Article
L'Oreal Acquires 100% of Cadum
L'Oreal announced that it has closed the acquisition of 100% of Cadum, the majority of which was held by investment fund Milestone. This business will join France's Consumer Products Division lead by its General Manager Herve Navellou. This division is made up of three business units: L'Oreal Paris, Garnier-Gemey-Maybelline and LaScad. Full Article
L'Oreal Eyes On Soap And Baby Products Company Cadum-Reuters
Reuters reported that L'Oreal is interested in buying soap and baby products company Cadum in a deal that could be worth EUR200 million ($264.16 million). Full Article
L'Oreal SA Announces FY 2011 Dividend Proposal
L'Oreal SA announced that the Board of Directors has decided to propose that the Annual General Meeting of Shareholders of April 17, 2012 should approve a dividend of EUR 2 per share, an increase of +11% compared with the dividend paid in 2011. This dividend will be paid on May 3, 2012 (ex-dividend date April 27, 2012). Full Article
L'Oreal SA's Subsidiary Completes Acquisition of Pacific Bioscience Laboratories
L'Oreal SA announced that its subsidiary has completed the acquisition of Pacific Bioscience Laboratories Inc., a company active in the field of sonic skin care devices. In early November, the two companies signed a merger agreement paving the way for L'Oreal USA to buy Pacific Bioscience Laboratories. The shareholders of Pacific Bioscience Laboratories have approved the transaction. Full Article
BRIEF-L'Oreal shares rise 3 pct after Q1 sales
PARIS, April 19 - L'Oreal SA : * Shares rise 3 percent after Q1 sales
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