Related News
L'Oreal wins approval to buy Chinese skincare firm Magic Holdings
Online Edition
FRENCH cosmetics giant L'Oreal Group said it has gotten a regulatory nod for its US$843 million bid for Hong Kong-listed skincare company Magic Holdings International Ltd.
L'Oreal and Magic Holdings said in a joint statement yesterday that they have won approval from the Ministry of Commerce to proceed with the acquisition. The deal is expected to be completed in the second quarter of this year, they said.
L'Oreal proposed to buy Magic Holdings in August in a bid to strengthen its mass-market skincare sector.
Magic Holdings' shares are scheduled to be delisted from the Hong Kong bourse after completion of the transaction.
The French company had said it intends to develop the Chinese brand by contributing its scientific expertise and leveraging its advanced and applied research in China.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
