L'Oréal Groupe | Finance
AGREEMENT BETWEEN L’ORÉAL AND NESTLÉ FOR THE REPURCHASE BY L’ORÉAL OF 4% OF ITS OWN SHARES HELD BY NESTLÉ
L’Oréal’s Board of Directors meeting on December 7, 2021 unanimously approved a strategic transaction consisting of the repurchase by L’Oréal, as part of its share buyback program, of 22.26 million of its own shares - representing 4.0% of its capital - from Nestlé. The Board members related to Nestlé and to the Bettencourt Meyers family did not participate in the votes.