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Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:31 EDTLRLCY, NSRGYL'Oreal buys back 8% of its stock from Nestle, Bloomberg says
L’Oreal (LRLCY) agreed to buy back 8% of its stock from Nestle (NSRGY), which marks the first sale of the shares by the Swiss company, reported Bloomberg. L’Oreal and Nestle began a partnership in 1974 and Nestle will still own 23.3% of L’Oreal after the sale. Reference Link
News For NSRGY;LRLCY From The Last 14 Days
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December 18, 2014
10:07 EDTLRLCYFrance's antitrust authority fines Colgate, Unilever, P&G, WSJ reports
France's Autorité de la Concurrence has fined consumer product companies including Unilever (UN, UL), Procter & Gamble (PG), Reckitt Benckister (RGBLY) and Colgate (CL) a total of EUR345.2M for anticompetitive practices between 2003-2006, The Wall Street Journal reports. L'Oreal (LRLCY), Gillette and Beiersdorf were fined EUR605.9M in total. Reference Link
07:22 EDTLRLCYL'Oreal denies anticompetitive activity
L'Oréal has been informed of the French Competition Authority's decision to rule against manufacturers of household and hygiene products concerning events which took place in the early 2000s. L'Oréal refutes accusations of anti competitive activity with its competitors, and regrets that the French Competition Authority did not take into account the highly competitive French market in hygiene products as illustrated by the number of manufacturers and retailers present on the market, the large choice of products available to consumers, and the degree of innovation and number of launches. L'Oréal is extremely surprised by this decision and the amount of the fine which are totally out of proportion. L'Oréal will appeal this decision.

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