Hanwha Offers Up to $1.2 Billion for Austal US Business 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Ford to Move Some Lincoln Production From China to U.S. in 2030 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Add as a preferred source on Google
In a bold move that could reshape the luxury skincare landscape, Reinold Geiger, the billionaire owner of L'Occitane International, is reportedly preparing a lucrative offer to privatize the renowned beauty company.
Sources closely linked to the matter indicate that the deal, potentially amounting to a staggering US$7 billion, including debt, may be put on the table as soon as Monday, April 29.
Funding Powerhouses Join the Bid
Reuters noted that this ambitious acquisition is poised to draw upon substantial financial support from notable entities. Blackstone's tactical opportunities fund and Goldman Sachs Group's asset management arm are ready to contribute funding towards realizing the buyout.
According to the same well-placed sources, an anticipated offer ranging from HK$33 to HK$34 per share could propel L'Occitane's enterprise value to an impressive 6.5 billion euros (approximately S$9.5 billion).
A Dominant Stake and Strategic Suspension
Currently, a substantial portion of L'Occitane is under the control of a vehicle ultimately directed by Geiger, who, holding the reins as chairman, claims ownership of over 70% of the company, as revealed in exchange filings.
Notably, the company's trading on the Hong Kong Stock Exchange was suspended earlier in the month, on April 9, in anticipation of news regarding the takeover. Its stock was last valued at HK$29.50, solidifying a market value close to US$5.6 billion.
Given the weight of the backing from financial giants Blackstone and Goldman Sachs Asset Management, this proposed acquisition could signal the end of L'Occitane's 14-year public listing in Hong Kong, as previously reported by Bloomberg News.
According to Business Times, while discussions are reportedly still in progress, with no concrete decisions finalized and factors like the offering price and precise timing remaining variable, the skincare industry may soon witness one of its most significant transformations.
Photo: Globe Newswire
