The shares of Natura (NTCO3) soared 15% this Monday (30), leading the highs of the Ibovespa.
At the maximum of the day, the shares of the cosmetics retailer reached R$ 14.94, a jump of 15.4%, but ended up slowing down and closed at a high of 5.49%.
The movement to buy the shares comes after the news that the company may sell a slice of Aesop, one of its controlled brands.
the luxury group LVMH and French skincare giant L’Oreal are among the companies in consumption who study bids for a stake in the subsidiary of Naturabeing able to value the brand at at least US$ 2 billion, according to Bloomberg.
Japanese beauty group Shiseido Co. is also studying a possible offer to buy the brand from Natura.
Aesop works with the Bank of America it’s the morgan stanley as it explores selling a stake in the business, as Bloomberg reported last year.
However, deliberations are still ongoing and there is no certainty that they will result in offers for the brand.
LVMH, L’Oréal, Natura and Shiseido declined to comment.
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Source: Moneytimes
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