Clarins prepares to delist

Published: 24-Sep-2008
Finance

The Clarins cosmetics group is expected to leave the Paris stock exchange as a listed company very shortly.


The Clarins cosmetics group is expected to leave the Paris stock exchange as a listed company very shortly. The regulatory authority controlling the Bourse (AMF) has said that the Clarins family holding group Financiere FC now has 96.4% of the capital and 97.2% of the voting rights after paying some €680m for shares. The operation has made possible the group's withdrawal after being a presence on the financial market since 1984.

The Courtin-Clarins family has made clear that it wants to recover its independence to undertake medium and long-term company strategy without facing financial market sanctions for doing so.

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