'U.S. Beauty Firm Coty To Move Forward With Paris Share Sale; Fragrance Maker Brings On BNP Paribas, Citi To Arrange Listing; Stock Offering Could Take Place As Soon As Coming Weeks' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
US beauty and fragrance company, Coty Inc., is planning a Paris listing that could occur in the coming weeks. The company has engaged BNP Paribas SA and Citigroup Inc. to facilitate the deal. Coty is considering raising fresh capital from the listing.
September 21, 2023 | 6:03 pm
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POSITIVE IMPACT
BNP Paribas SA has been engaged by Coty Inc. to facilitate its planned Paris listing. This could have a positive impact on BNP Paribas' revenues.
BNP Paribas' involvement in Coty's planned Paris listing could result in increased revenues for the bank from advisory fees. However, the impact on the bank's overall financial position may be limited given its size and diversified operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Citigroup Inc. has been engaged by Coty Inc. to facilitate its planned Paris listing. This could have a positive impact on Citigroup's revenues.
Citigroup's involvement in Coty's planned Paris listing could result in increased revenues for the bank from advisory fees. However, the impact on the bank's overall financial position may be limited given its size and diversified operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Coty Inc. is planning a Paris listing, potentially raising fresh capital. This could impact the company's stock price and financial position.
The news of Coty's planned Paris listing and potential capital raise is directly related to the company and its financial position. This could attract new investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100