Coty Divests 3.6% Stake In Wella Brand For $150M
Benzinga
JULY 18, 2023
stake in Wella for $150 million, reflecting a 4% premium to the book value of Wella as of March 31, 2023. Coty Inc (NYSE: COTY ) has entered into a binding letter of intent to sell a portion of its Wella beauty and hair care brand stake to investment firm IGF Wealth Management. Coty will sell a 3.6%
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