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Stock impact report

Coty Sells Remaining Stake in Wella to KKR

Coty Inc. Class A (COTY) 
Last coty inc. class a earnings: 2/5 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.coty.com
Company Research Source: Business Wire
$750 million of immediate cash proceeds and right to significant share of ongoing proceeds after KKR preferred returnMarks successful completion of multi-year Wella monetization program exactly inline with its original target to divest Wella by end of CY25Transaction reduces Coty’s financial net leverage to ~3x by the end of CY25, strengthening its path towards 2.0x NEW YORK--(BUSINESS WIRE)--Regulatory News:Coty Inc. (NYSE: COTY) (Paris: COTY) (“Coty” or “the Company”) today announced that it has sold its remaining 25.8% stake in Wella to KKR managed capital accounts and investment affiliates. Under the terms of the transaction, Coty will receive upfront cash consideration of $750 million and 45% of any proceeds from a further sale or an initial public offering of the business, after KKR’s preferred return has been met. Based on Wella’s strong recent and expected performance, as well as current market valuations, Coty sees strong potential for additional cash proceeds, bringing th Show less Read more
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