L'Oréal: News Release: "L'Oréal announces the project of acquisition of Société des Thermes de La Roche-Posay"
01 Agosto 2018 - 08:45AM
L'Oréal announces the project of acquisition
of Société des
Thermes de La Roche-Posay
Clichy, 1 August
2018 - L'Oréal has submitted to the shareholders of Holding
STRP (Société des Thermes de La Roche-Posay) an irrevocable offer
for the acquisition of the totality of the shares of the company.
The project foresees the prior carve out of the hotel business to
the current shareholders of Holding STRP and the attribution of
exclusive negotiation rights to L'Oréal.
Created in 1921, Société des
Thermes de La Roche-Posay is the first thermal station in Europe
exclusively dedicated to treating dermatological diseases. The
thermal water of La Roche-Posay has therapeutic anti-inflammatory,
healing and soothing properties to treat skin diseases (eczema,
psoriasis, burn scars and cutaneous side effects of cancer
treatments). In 2017, more than 7,500 patients have benefited from
the thermal activity, generating 3.6 million euros of sales.
Laetitia
Toupet, International General Manager of La Roche-Posay, said:
"this acquisition project will enable us to
sustain and reinforce the dermatologic position of La Roche-Posay
by developing the existing indications and making the thermal
station a flagship for the brand."
Recommended by over 90,000
dermatologists worldwide, La Roche-Posay creates skincare for
sensitive skin, formulated with thermal water. First dermo-cosmetic
brand worldwide, its key product ranges are: Lipikar (dry skin),
Anthélios (photoprotection), Effaclar (acne), Tolériane (sensitive
skin) and Cicaplast (skin repair).
This project will be submitted for
consultation to employee representatives and should be completed
within the following months.
About
L'Oréal
L'Oréal has devoted itself to beauty for over 100
years. With its unique international portfolio of 34 diverse and
complementary brands, the Group generated sales amounting to 26.02
billion euros in 2017 and employs 82,600 people worldwide. As the
world's leading beauty company, L'Oréal is present across all
distribution networks: mass market, department stores, pharmacies
and drugstores, hair salons, travel retail, branded retail and
e-commerce.
Research and innovation, and a dedicated research
team of 3,885 people, are at the core of L'Oréal's strategy,
working to meet beauty aspirations all over the world. L'Oréal's
sustainability commitment for 2020 "Sharing Beauty With All" sets
out ambitious sustainable development
objectives across the Group's value chain.
For more information: http://mediaroom.loreal.com/en/
"This news
release does not constitute an offer to sell, or a solicitation of
an offer to buy L'Oréal shares. If you wish to obtain more
comprehensive information about L'Oréal, please refer to the public
documents registered in France with the Autorité des Marchés
Financiers, also available in English on our
Internet site www.loreal-finance.com.
This news release may contain some forward-looking
statements. Although the Company considers that these statements
are based on reasonable hypotheses at the date of publication of
this release, they are by their nature subject to risks and
uncertainties which could cause actual results to differ materially
from those indicated or projected in these statements."
Contacts at L'Oréal
(switchboard: +33 1 47 56 70 00)
Individual shareholders and
market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and
Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82
francoise.lauvin@loreal.com
Journalists
Mrs Polina HUARD
Tel : + 33 (0)1 47 56 87 88
polina.huard@loreal.com
For more information, please
contact your bank, broker or financial institution (I.S.I.N. code:
FR0000120321), and consult your usual newspapers, the Internet site
for shareholders and investors - www.loreal-finance.com - or the
L'Oréal Finance app, alternatively, call +33 1 40 14 80 50.
www.loreal.com - Follow us on
Twitter @loreal
Read the news release of 1 August
2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: L'ORÉAL via Globenewswire
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