By
AFP
Published
Jul 23, 2024
French luxury beauty products firm L’Occitane said Tuesday its shares would be removed from the Hong Kong stock exchange after a public offer had received sufficient support.
The company’s main shareholder, Reinold Geiger, launched in April a 1.7-billion-euro ($1.8-billion) offer to acquire the 28 percent of the company he did not already own with the support of US private equity firm Blackstone.
The offer valued the firm, founded in 1976 in France’s southern Provence region, at roughly six billion euros.
“This transaction will provide our group with the flexibility to make…
