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L'Oreal Says It Has Resources to Buy Back Nestle's Stake

Doutzen Kroes for L'Oréal | Source: L'Oréal
By
  • Vikram Alexei Kansara

"French cosmetics giant L'Oreal said it could raise enough cash to buy the 23 billion euro (19 billion pounds) stake Nestle holds in it but steered clear of pledging to make such a move."

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