Eduardo P
L'Occitane is anticipated to repurchase its shares at HK$34 (now worth $4.35) a share. That is a 30.8 percent increase over the shares' closing price of HK$26, or $3.32, on February 5. The maximum buyback value would then be HK$13.9 billion ($1.78 billion) as a result.
According to the newspaper, L'Occitane Groupe had 72.39% of the business as of March. Axios estimates that the company's share capital is worth $6 billion in total.
Prior to this, Bloomberg claimed that billionaire Reinold Geiger, the chairman and major shareholder of L'Occitane was nearing a purchase agreement.
According to the agency's sources at the time, Geiger was prepared to spend roughly HK$31 for each share in L'Occitane. The chairman of the board of the corporation planned to solicit money from Blackstone, an investment fund, in order to purchase the missing share of stock.
source: reuters.com, bloomberg.com
According to the newspaper, L'Occitane Groupe had 72.39% of the business as of March. Axios estimates that the company's share capital is worth $6 billion in total.
Prior to this, Bloomberg claimed that billionaire Reinold Geiger, the chairman and major shareholder of L'Occitane was nearing a purchase agreement.
According to the agency's sources at the time, Geiger was prepared to spend roughly HK$31 for each share in L'Occitane. The chairman of the board of the corporation planned to solicit money from Blackstone, an investment fund, in order to purchase the missing share of stock.
source: reuters.com, bloomberg.com
