Forty-seven years after joining forces with Nestlé, the Bettencourt family regains control of L'Oréal.
By the summer, it will hold 34.7%.
The gendarme of the Stock Exchange exempted it from launching a takeover bid on the company on the occasion of the crossing of the threshold of 33.3%, its current participation.
This major change for L'Oréal is the result of an agreement announced Tuesday evening.
The group will spend 8.9 billion euros to buy 4% of its capital from Nestlé before canceling these shares.
At the end of the operations, the Swiss group will remain the second largest shareholder of L'Oréal (20.1% of the capital against 23.3% today) and will keep its two directorships.
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In March 1974, Liliane Bettencourt, the only daughter of the founder of the king of cosmetics, Eugène Schueller, sold 25% of L'Oréal to Nestlé in exchange for 4% of the food giant.
The heiress, married to a Minister of Pompidou who had worked with the home of the Marist Fathers before the war in Paris, François Dalle (CEO of L'Oréal from 1957 to 1984)
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