Coty to sell remaining 25.8% stake in Wella to KKR, Bloomberg News reports

 

Dec 19 (Reuters) – Coty is selling its remaining stake in Wella to KKR for $750 million and the right to a share of future proceeds from a sale or initial public offering of the hair care brand, Bloomberg News reported on Friday.

Reuters could not immediately verify the report.

(Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi Aich)

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