Blackstone Nears Privatization Of L'Occitane - Ending Skin-Care Giant's 14-Year Hong Kong Stock Exchange Run: Report
Portfolio Pulse from Nabaparna Bhattacharya
Blackstone Inc. (NYSE:BX) is reportedly nearing a deal to privatize L'Occitane, potentially ending its 14-year listing on the Hong Kong Stock Exchange. The deal, which could be announced soon, involves Blackstone offering debt financing for the acquisition. L'Occitane faces stiff competition in China from companies like L'Oreal Co. (OTC:LRLCF) and Estee Lauder Companies, Inc (NYSE:EL). Blackstone's stock has gained over 58% in the past year, and investors can also gain exposure through LBO and GABF ETFs.
April 09, 2024 | 10:47 am
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NEGATIVE IMPACT
Estee Lauder faces increased competition in China, a key market for L'Occitane, which is being acquired by Blackstone. This could potentially impact Estee Lauder's market share and performance.
The acquisition of L'Occitane by Blackstone could intensify competition in China, potentially affecting Estee Lauder's (EL) market share and performance negatively in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Blackstone Inc. is in advanced talks to privatize L'Occitane, potentially ending its Hong Kong Stock Exchange listing. This move could reflect positively on Blackstone's strategic acquisitions.
The acquisition of L'Occitane by Blackstone could enhance Blackstone's portfolio and market perception, likely leading to a positive short-term impact on BX's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Gabelli ETFs Trust Gabelli Financial Services Opportunities ETF, which includes Blackstone, might experience a positive impact from Blackstone's nearing acquisition of L'Occitane.
Given GABF ETF's exposure to Blackstone, the nearing acquisition of L'Occitane by Blackstone could positively influence GABF ETF's performance, showcasing Blackstone's strategic acquisitions.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF, which offers exposure to Blackstone, could see a positive impact from Blackstone's potential acquisition of L'Occitane.
As LBO ETF offers exposure to Blackstone, the potential acquisition of L'Occitane could positively impact the ETF's performance, reflecting Blackstone's strategic growth.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70