Michel Curi
In June, Geiger—who now owns over 72% of the business—made a bid to purchase the company's outstanding shares. For the purchase to go through, he needed the consent of 90% of the remaining shares, and that threshold was crossed on Tuesday.
The billionaire wants the Hong Kong Stock Exchange to delist the securities of L'Occitane.
The company's shares are up 0.4% with a valuation of HK$49.56 billion ($6.35 billion).
L'Occitane, founded in 1976, went public on the Hong Kong Stock Exchange in 2010. The company owns the cosmetics brands Grown Alchemist, Melvita, Elemis, L'Occitane en Provence and others.
source: bloomberg.com
The billionaire wants the Hong Kong Stock Exchange to delist the securities of L'Occitane.
The company's shares are up 0.4% with a valuation of HK$49.56 billion ($6.35 billion).
L'Occitane, founded in 1976, went public on the Hong Kong Stock Exchange in 2010. The company owns the cosmetics brands Grown Alchemist, Melvita, Elemis, L'Occitane en Provence and others.
source: bloomberg.com
