Sandra Leggero has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. She holds a degree in Economics from the University of Pavia and specializes in emerging markets.
, | Updated:
Key Moments
Coty sold its remaining 25.8% ownership in Wella to KKR for $750 million.
The transaction transfers Coty’s entire residual equity interest in the hair care brand.
Coty retained rights to 45% of any proceeds from a future sale or initial public offering of Wella.
Transaction Overview
Coty said on Friday that it has completed the sale of its remaining 25.8% stake in Wella to KKR for $750 million. The deal marks Coty’s full divestment of its interest in the professional hair care brand.
Transaction Detail
Value / Percentage
Stake sold in Wella
25.8%
Transaction value
$750 million
Buyer
KKR
Ongoing Economic Participation
Although Coty has sold its remaining equity position, the company said it holds rights to 45% of any proceeds generated from a subsequent sale or an initial public offering of Wella. This arrangement allows Coty to continue to benefit from potential future monetization events involving the hair care brand.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Copper retreats as U.S. government shutdown continues, China data Copper fell on Thursday as the U.S. government shutdown entered a third day and threatened to impact the economic growth if it extends into next week. Larger than expected expansion of Chinas service sector however limited losses.On the […]
Forex Market: AUD/JPY trading forecast for October 5th Friday’s trade saw AUD/JPY within the range of 83.23-85.08. The pair closed at 84.50, soaring 0.23% on a daily basis, while marking a third consecutive trading day of gains. The daily high matched the high from Thursday, as it has been the […]
Forex Market: EUR/CHF daily trading forecast Yesterday’s trade saw EUR/CHF within the range of 1.2073-1.2107. The pair closed at 1.2086, losing 0.15% on a daily basis.At 6:52 GMT today EUR/CHF was up 0.08% for the day to trade at 1.2097. The pair touched a daily high at 1.2099 at […]
Q2 Holdings appoints new Chief Financial Officer Q2 Holdings Inc (NYSE: QTWO), a provider of digital transformation solutions for financial services, said on Monday that it had appointed Jonathan A. Price as its next Chief Financial Officer, effective November.Price has almost two […]
Cairn Energy Plc announces exploration campaign estimated to 400 million dollars Cairn Energy Plc announced that it plans to spud nine exploration wells by the end of 2014. This is a part of the companys exploration campaign estimated to 400 million dollars, which is expected to make 2014 the busiest year for Cairn Energy […]
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
