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

KKR & Co Inc Class A +0.08%
Coty Inc. Class A -0.49%

KKR & Co Inc Class A

KKR

91.43

+0.08%

Coty Inc. Class A

COTY

2.03

-0.49%

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;))

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