Coty to sell remaining 25.8% stake in Wella to KKR, Bloomberg News reports
KKR & Co Inc Class A KKR | 91.11 | -0.27% |
Coty Inc. Class A COTY | 2.02 | -0.74% |
Dec 19 (Reuters) - 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;))
