Beauty Packaging Staff12.20.19
Natura &Co has received all regulatory approvals required to complete its acquisition of Avon Products, Inc. -- and the transaction is expected to close on January 3, 2020.
This follows the approval without restrictions by the Mexican Federal Economic Competition Commission (Comisión Federal de Competencia Económica), the last remaining regulatory approval that is a condition precedent needed to conclude the deal.
Roberto Marques, executive chairman, Natura &Co Holding, comments, "With all regulatory approvals, we are very close to completing the acquisition of Avon. We greatly look forward to welcoming Avon to our family of iconic beauty companies, starting a new chapter in Natura &Co's history."
The partnership will bring together Avon, Natura, The Body Shop, and Aesop. The company states that the deal will create "the world's fourth-largest pure-play beauty company."
On January 6, 2020, Natura &Co is expected to begin trading on the NYSE through American Depositary Receipts (ADRs), under the NTCO ticker symbol, in addition to continuing trading shares on the B3 stock exchange in São Paulo.
