![The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014. Swiss food group Nestle is selling an 8 percent stake in L'Oreal The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014. Swiss food group Nestle is selling an 8 percent stake in L'Oreal](https://c8.alamy.com/comp/2CXBG42/the-logo-of-french-cosmetics-group-loreal-is-seen-on-the-companys-building-in-clichy-near-paris-february-11-2014-swiss-food-group-nestle-is-selling-an-8-percent-stake-in-loreal-to-the-french-cosmetics-firm-for-65-billion-euros-9-billion-loosening-their-40-year-partnership-and-allowing-both-firms-to-boost-earnings-per-share-however-nestle-said-on-tuesday-it-remained-committed-to-the-maker-of-garnier-shampoo-and-lancome-creams-for-the-long-haul-dampening-speculation-it-might-sell-its-remaining-23-percent-stake-anytime-soon-reutersbenoit-tessier-france-tags-business-logo-2CXBG42.jpg)
The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 11, 2014. Swiss food group Nestle is selling an 8 percent stake in L'Oreal
![L'Oréal Finance : Strategic transaction approved by L'Oréal's Board of Directors. Agreement between L'Oréal and Nestlé for the repurchase by L'Oréal of 4% of its own shares held by Nestlé. L'Oréal Finance : Strategic transaction approved by L'Oréal's Board of Directors. Agreement between L'Oréal and Nestlé for the repurchase by L'Oréal of 4% of its own shares held by Nestlé.](https://www.loreal-finance.com/sites/default/files/2021-11/Logo_10.jpg)
L'Oréal Finance : Strategic transaction approved by L'Oréal's Board of Directors. Agreement between L'Oréal and Nestlé for the repurchase by L'Oréal of 4% of its own shares held by Nestlé.
![Attention shifts to Nestlé's $29B L'Oreal stake after sale of skin health unit | S&P Global Market Intelligence Attention shifts to Nestlé's $29B L'Oreal stake after sale of skin health unit | S&P Global Market Intelligence](https://www.snl.com/articles/398790100.png)