• Nestlé Will Not Renew Shareholder Agreement or Increase Stake in L'Oréal

    6 days ago - By WWD

    PARIS - Nestlé said on Thursday that it has opted not to renew its shareholder agreement with the Bettencourt family regarding its stake in L'Oréal.
    As reported, March 21 marks the expiration date of the longstanding pact between the Swiss conglomerate and the Bettencourt family - L'Oréal's two largest individual stakeholders, with stakes of 23.3 percent and 33.05 percent in the French beauty giant, respectively.
    The principal terms of the agreement outline that neither party could increase its stake in L'Oréal during the lifetime of Liliane Bettencourt or the six months after her death...
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