Coty Sells 3.6% Stake In Wella To IGF Wealth Management For $150M
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. has sold a 3.6% stake in Wella to IGF Wealth Management for $150 million. The deal is part of Coty's ongoing efforts to reduce its debt and simplify its business structure.
July 18, 2023 | 4:45 am
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POSITIVE IMPACT
Coty's sale of a 3.6% stake in Wella to IGF Wealth Management for $150 million could potentially improve its financial position by reducing its debt.
The sale of a stake in Wella is a positive move for Coty as it could help reduce its debt and simplify its business structure. This could potentially lead to an improvement in its financial position, which could positively impact its stock price in the short term.
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IMPORTANCE 75
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