date:Aug 07, 2013
y surrounding its 29.5 percent stake in cosmetics firm L'Oreal (OREP.PA), currently worth over $30 billion.
The expiry in April 2014 of an agreement with the Bettencourt family, L'Oreal's other big shareholder, to give each other first refusal will make it easier for Nestle to sell.
Independent consumer goods expert James Amoroso said it would make sense for Nestle to sell the stake and return the money to shareholders to let them benefit from the near-tripling in the L'Oreal share price since