Clarins shares suspended as family delists company
Following the announcement yesterday that shares in the French cosmetics company Groupe Clarins had been suspended, newspaper La Tribune has reported the Courtin-Clarins family is planning to buy out minority shareholders and delist the company. La Tribune stated that the family will offer minority shareholders of 30.5% of the capital the opportunity to buy back their shares.
Following the announcement yesterday that shares in the French cosmetics company Groupe Clarins had been suspended, newspaper La Tribune has reported the Courtin-Clarins family is planning to buy out minority shareholders and delist the company. La Tribune stated that the family will offer minority shareholders of 30.5% of the capital the opportunity to buy back their shares.
Clarins has been the subject of takeover speculation since the death of founder Jacques Courtin Clarins, with many large cosmetics companies linked to the company. The family owns 65% of the company’s capital and more than 78% of its voting rights.
Shares for Clarins were trading at 43.72 euros when they were suspended, which gave it a market capitalisation of 1.8bn euros.