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Stock Market & Financial Investment News

News Breaks
February 11, 2014
05:32 EDTLRLCY, NSRGYNestle to sell 48.5M L'Oréal shares to L'Oréal for cancelation
The Nestlé (NSRGY) board has approved the sale of 48.5M L'Oreal (LRLCY) shares to L'Oréal for cancellation. Part of the proceeds will be used for the acquisition of the 50% stake of Galderma from L'Oréal, bringing our ownership of Galderma to 100%. Upon approval and completion of this transaction, Galderma will form the foundation of Nestlé Skin Health S.A. The company will also merge Bübchen, Nestlé's existing infant skin care business, into this newly-formed entity which will provide a sizeable platform for profitable growth. In addition Nestlé intends to use the cash proceeds of this transaction to launch a share buyback program.
News For NSRGY;LRLCY From The Last 14 Days
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July 30, 2015
13:28 EDTLRLCYL'Oreal reports Q2 net profit EUR 1.77B, net EPS EUR 2.92
Reports Q2 sales up 3.6% EUR 6.38B. Reports Q2 Professional Products sales up 3.5% to EUR 887.7M. Reports Q2 Consumer Products sales up 2% to EUR 3.08B. Reports Q2 L'Oreal Luxe sales up 5.8% to EUR 1.73B. Reports Q2 Active Cosmetics sales up 6.5% to EUR 459.4M. Repots Q2 Total Cosmetics Divisions sales up 3.6% to EUR 6.16B.

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