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Coty to sell 150 million dollar stake in Wella

Cosmetics giant Coty has entered into an agreement to sell a 3.6 percent stake in hair care and beauty company Wella. The binding letter of intent to sell comes in regards to a portion of Coty’s entire stake in Wella, for which it currently holds 25.9 percent. Coty is planning to sell the 3.6 percent for 150 million dollars to investment firm...

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