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LRLCY Loreal Co (PK)

87.88
-0.58 (-0.66%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Loreal Co (PK) USOTC:LRLCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.58 -0.66% 87.88 87.87 88.08 88.41 87.59 88.33 84,090 21:04:04

L'Oreal to Acquire Stake in South Korean Company Nanda -Reuters

10/04/2018 12:52pm

Dow Jones News


Loreal (PK) (USOTC:LRLCY)
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From Jul 2019 to Jul 2024

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--L'Oreal has been chosen as the preferred candidate to acquire a 70% stake in Nanda--a South Korean online distributor of fashion and cosmetic products--in a deal estimated to be worth around 400 billion South-Korean won ($374 million), according to reports in the Korea Economic Daily which cite unnamed investment banking sources, Reuters reports.

--The acquisition is intended to strengthen L'Oreal's presence in the Chinese make-up market, Reuters reports the newspaper as saying.

 

Full story : https://reut.rs/2HbdRB3

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

April 10, 2018 07:37 ET (11:37 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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