--L'Oreal has been chosen as the preferred candidate to acquire a 70% stake in Nanda--a South Korean online distributor of fashion and cosmetic products--in a deal estimated to be worth around 400 billion South-Korean won ($374 million), according to reports in the Korea Economic Daily which cite unnamed investment banking sources, Reuters reports.

--The acquisition is intended to strengthen L'Oreal's presence in the Chinese make-up market, Reuters reports the newspaper as saying.

Full story : https://reut.rs/2HbdRB3

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

April 10, 2018 07:37 ET (11:37 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Loreal (PK) (USOTC:LRLCY)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Loreal (PK) Charts.
Loreal (PK) (USOTC:LRLCY)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Loreal (PK) Charts.