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
Clichy, Paris, 7 December 2021, L’Oréal’s Board of Directors meeting 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.