April 26, 2019 |
Brazil's Natura is close to wrapping up a deal to buy Avon Products for $1.5bn now that the owner of the US cosmetics company, Cerberus Capital Management, has sold the North American division to South Korea's LG for $125m, LatinFinance has heard.
"They are very close to a deal," said Georgia Jorge, an equity analyst from Banco do Brasil, adding that Natura could announce the acquisition after it releases its first quarter earnings report on May 2.
While Natura is the leading contender to buy
Brazilian cosmetics company could announce a deal after it releases Q1 earnings on May 2