date:Sep 11, 2013
ts stake in L'Oreal, and we now believe that the scenario of Nestle selling its stake in or after April 2014 is more probable, Liberum Capital analysts said in a note.
L'Oreal was quick to say it would be able to buy back the stake from Nestle, thanks to a net cash position of 572 million euros that frees it to raise debt, and a 9 percent stake in drugmaker Sanofi worth 9 billion euros.
The speculation has contributed to a nearly 2 percent decline over the last eight days in shares of L'Oreal,