(Reuters) – The billionaire owner of L’Occitane International is close to making an offer to take the French skin care firm private as early as Monday in a deal that could value it at about $7 billion, including debt, Bloomberg News reported. .
Chairman Reynold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer to buy shares of the Hong Kong Stock Exchange-listed company that he does not already own at between HK$33 and HK$34 per share, the report said, citing the people. , familiar with the issue. .
Reuters reported earlier this month that Geiger was in talks with investors and creditors and planned to try to buy the company, months after he shelved a previous attempt, according to two sources.
The possible offer could value L’Occitane at about 6.5 billion euros ($6.95 billion), Bloomberg reported, adding that Blackstone (NYSE:) Inc’s tactical opportunities fund and Goldman Sachs Asset Management could provide about 1.6 billion euro financing.
L’Occitane was suspended from trading in Hong Kong on April 9 pending an announcement on takeover rules.
Geiger pulled out of a deal to take the company private last September, triggering a fall in share prices.
L’Occitane, Blackstone and Goldman Sachs did not immediately respond to Reuters’ requests for comment.
($1 = 0.9353 euros)