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PARIS – Natura & Co. plans to delist from the New York Inventory Change subsequent month.
The São Paulo-based beauty firm, which has a main itemizing in Brazil, stated in a press release to shareholders and the market that its board of administrators on Jan. 18 accepted the plan to voluntarily delist from the NYSE.
Natura had listed there in January 2020, linked to its acquisition of Avon Merchandise Inc. That firm’s shares had been already listed and traded on the NYSE.
“The delisting from the NYSE aligns with the corporate’s long-term technique to simplify operations,” Natura & Co. stated in a press release.
The corporate expects the NYSE to droop its buying and selling on or about Feb. 9.
Natura has been shedding belongings. In mid-November 2023, the group stated it was selling The Body Shop to personal fairness agency Aurelius Funding in a deal valuing the chain at 207 million kilos.
On the time, Natura stated it was a part of its efforts to streamline operations and simplify its enterprise after having sold Aesop to L’Oréal. That deal, which valued Aesop at greater than $2.5 billion, was closed in late August 2023
Natura additionally stated it was positioning to give attention to strategic priorities, together with the group’s integration in Latin America.
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