LRLCF - Blackstone Nears Privatization Of L'Occitane - Ending Skin-Care Giant's 14-Year Hong Kong Stock Exchange Run: Report | Benzinga
Blackstone Inc. (NYSE:BX) and L’Occitane’s owner Reinold Geiger are reportedly close to privatizing the skin-care company.
If the deal takes place, it will potentially terminate L’Occitane’s 14-year run on Hong Kong’s stock exchange, Bloomberg reported, citing people familiar with the matter.
As of December 31, 2023, Blackstone had $8.4 billion in total cash, cash equivalents, corporate treasury, and other investments and $16.9 billion of cash and net investments.
The leading alternative asset manager is considering offering debt financing for the acquisition, the report read.
An announcement could arrive within days. Trading of ...