Brazil's antitrust watchdog approves L'Oreal deal to buy Aesop
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2023-05-18 01:46
SAO PAULO Brazil's antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co's

SAO PAULO Brazil's antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co's Aesop brand to French cosmetics company L'Oreal, according to the country's daily gazette.

Last month, L'Oreal agreed to buy Australian luxury brand Aesop from Natura for an enterprise value of $2.53 billion.

Under the regulator's rules, the approval is considered definitive within 15 calendar days of its publication, if no appeals are filed.

(Reporting by Andre Romani; Editing by Emelia Sithole-Matarise)

Tags aesop natura hldg a epus finance oreal m co l