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L’Oréal Selling €3 Billion of Bonds for Kering Beauté Deal

L’Oréal SA is selling at least €1.5 billion ($1.7 billion) of bonds in a three-part deal to help finance its acquisition of Kering Beauté.
Verily on Thursday announced its newest tie-up with L’Oréal SA in its search for sustainable revenue.
L’Oréal agreed to buy Kering’s beauty division last month, with the Gucci owner set to receive €4 billion in cash at closing of the deal. (Shutterstock)

L’Oréal SA

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