L'Oreal shows interest in purchasing soap, baby product firm Cadum: report
April 24, 2012, 12:33 am TWN
PARIS--France's L'Oreal is interested in buying soap and baby products company Cadum in a deal that could be worth 200 million euros (US$264.16 million), Les Echos reported Monday.
L'Oreal's Chief Executive Jean-Paul Agon is looking to open exclusive negotiations with Milestone capital, a Franco-British investment fund that owns Cadum, the newspaper reported.
Milestone acquired Cadum in 2007, investing 17.5 million euros in a leveraged buyout. Calls to L'Oreal and Milestone were not immediately returned.