Hong Kong-listed L'Occitane International's chairman and controlling shareholder will take the French skin-care firm private, valuing it at a maximum of US$1.78 billion.
L Occitane s Billionaire Owner to Take Firm Private in $1 8B Deal newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
As part of the deal, Austrian billionaire Geiger's investment holding company will pay HK$34 for each share not already owned, representing a 30.8% premium.