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Liliane Bettencourt's Death to Spark L'Oreal/Nestle Speculation -- Market Talk

22 Sep 2017 6:53 am

0653 GMT - The death of L'Oreal heiress Liliane Bettencourt will spark speculation over Nestle's 23% stake in the cosmetics giant, Jefferies analysts say in a research note, because a joint agreement between Nestle and the Bettancourt family over their stakes in L'Oreal expires six months after her death. "Speculation will now inevitably be re-ignited around [Nestle's] intentions towards its [L'Oreal] stake," they wrote. "This holds out the prospect of [L'Oreal] either buying in the stake, or perhaps even [Nestle] buying [L'Oreal] outright. Or maybe nothing happens," they wrote. Jefferies analysts see any scenario of Nestle buying the rest of L'Oreal as "unlikely" and that "fevered speculation apart, it might just be that nothing changes, at least for a good while." (brian.blackstone@wsj.com)

(END) Dow Jones Newswires

September 22, 2017 02:53 ET (06:53 GMT)

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