By Max Bernhard 
 

L'Oreal SA (OR.FR) will launch a share buyback for a maximum of 500 million euros ($618.1 million) during the second quarter, its board of directors decided at the company's annual general meeting on Tuesday.

The company plans to cancel all bought back shares, L'Oreal said.

 

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

April 17, 2018 12:35 ET (16:35 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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