L'Oréal: The preemption right agreement will not be renewed
BUY, Fair Value EUR150 (+22%)
Nestlé’s Chairman, Peter Brabeck, told yesterday in an interview with the Swiss newspaper “Handelzeitung” that, concerning its 29.3%stake in L’Oréal (the Bettencourt family holds 30.5%), all options were open, including the status quo.
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