date:Sep 11, 2013
ll the stake, worth 23 billion euros ($30 billion), in tranches and use the cash on something central to its own business or return the cash to shareholders.
If investors want to invest in L'Oreal, they can invest directly in L'Oreal, said a consumer industry banker who spoke on condition of anonymity. They don't need Nestle for that.
The Swiss food group has been a major shareholder in the French cosmetics firm since 1974, when L'Oreal heiress Liliane Bettencourt, now the world's richest woma