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L’Oréal To Buy Shares Back From Nestlé

Nestlé is to reduce its stake in beauty conglomerate L’Oréal, with L’Oréal readying to purchase 48.5 million of its own shares back from the FMCG giant. Nestlé’s stake will decrease by around 8%, and it is to lose a director from the L’Oréal board.

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