Cade, Brazil’s antitrust regulator, recommended the approval of the sale of Aesop brand by Natura & Co to L’Oreal, a French cosmetics company, as reported by the country’s daily gazette on Wednesday.
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L’Oreal acquired Aesop from Natura for an enterprise value of $2.53 billion.
According to the regulations set by the governing body, the approval becomes final within 15 calendar days of its publication, provided there are no appeals filed.
