February 13, 2020 / 9:15 PM / 4 days ago

Brazil's Boticario eyes bid for Coty ops in Brazil: report

SAO PAULO (Reuters) - Brazilian cosmetics maker Grupo Boticario is analyzing a bid for the Brazilian operations of Coty Inc (COTY.N), Boticario Chief Executive Artur Grynbaum said on Thursday, according to a report on the website of Brazilian newspaper Valor Economico.

Grynbaum said the group is considering a bid that would be delivered next month to Coty’s financial advisor, Credit Suisse Group AG (CSGN.S).

Spokespersons for Boticario and Coty did not immediately respond to a request for comment.

Reporting by Tatiana Bautzer and Gabriela Mello; Editing by Sandra Maler

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