Coty to sell remaining 25.8% stake in Wella to KKR, Bloomberg News reports

شركة كي كي ار -0.27%
Coty Inc. Class A -0.74%

KKR & Co Inc Class A

KKR

91.11

-0.27%

Coty Inc. Class A

COTY

2.02

-0.74%

- Coty COTY.N is selling its remaining stake in Wella to KKR KKR.N for $750 million and the right to a share of future proceeds from a sale or initial public offering of the hair care brand, Bloomberg News reported on Friday.

Reuters could not immediately verify the report.


(Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi Aich)

((ShivaniJayesh.Tanna@thomsonreuters.com;))