Hong Kong-listed L'Occitane International SA confirmed on Friday that its controlling shareholder is contemplating a potential deal to take the skincare company private, but said no definitive agreement has gone through in this regard.
confirmed on Friday that its controlling shareholder is contemplating a potential deal to take the skincare company private, but said no definitive agreement has gone through in this regard.
The company said if a deal were to go through, the potential offer price would be no less than HK$26.00 per share. Shares in the Luxembourg- and Geneva-headquartered firm were halted after Bloomberg News reported that billionaire Chairman Reinold Geiger was in advanced talks to take L'Occitane International private, valuing the firm at around $6.5 billion.
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