Event

L’Oréal buys back 4 per cent of its shares from Nestlé (2021)

On 7 December 2021 L’Oréal agreed to buy 22.26 million of its own shares from Nestlé; the French markets regulator waived a duty to bid for the rest.

4 links, 4 backed by primary records

Connections 4

L'Oréal buyer, for cancellation Primary record 1
Nestlé seller; its stake fell from 23.3 to 20.1 per cent Primary record 1
Françoise Bettencourt Meyers the family’s stake rose from 33.3 to 34.7 per cent, with a waiver from the AMF Primary record 1
Autorité des marchés financiers granted the waiver on 8 December 2021 Primary record 2

Timeline 1 date

Proof 2 sources

L'Oréal, Agreement between L'Oréal and Nestlé for the repurchase by L'Oréal of 4% of its own shares held by Nestlé (page also carries the brands menu), L'Oréal, 7 Dec 2021. Primary record
L’Oréal’s Board of Directors meeting on December 7, 2021 unanimously approved a strategic transaction consisting of the repurchase by L’Oréal, as part of its share buyback program, of 22.26 million of its own shares - representing 4.0% of its capital - from Nestlé.
Nestlé’s stake in the capital of L’Oréal will be reduced from 23.3% to 20.1%.
The Autorité des Marchés Financiers has granted a waiver to the Bettencourt Meyers family to the obligation to file a mandatory public offer on account of the crossing of the threshold of one third of the capital and voting rights of the company.
L'Oréal, 2024 universal registration document, 7.3 Shareholders and changes in the share capital (page 389), L'Oréal. Primary record
On 8 December 2021, the French Financial Markets Authority (French Financial Markets Authority – AMF) granted the Bettencourt Meyers family a waiver from the obligation to file a draft public offer for the L’Oréal shares (AMF decision no. 221C3388)

Page history 1 change