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L'Oréal to Double Galderma Ownership via Deal with EQT-led Consortium

MT Newswires·12/08/2025 01:37:15
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01:37 AM EST, 12/08/2025 (MT Newswires) -- L'Oréal (OR.PA) said Monday it is looking to grow its shareholding in Swedish dermatology company Galderma (GALD.SW) to 20% through the acquisition of an additional 10% stake from an EQT-led (EQT.ST) consortium. The selling consortium in the off-market trade also includes Sunshine SwissCo, Abu Dhabi Investment Authority, and Auba Investment. The consideration for the transaction was not disclosed, and completion is expected in the first quarter of 2026, subject to the approval of relevant regulators. With its increased ownership, the French cosmetics manufacturer gains the power to nominate two non-independent directors for Galderma. L'Oréal said it is "not contemplating" increasing its interest further.