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Brazil's Natura set to buy Body Shop in 1b euro deal

It will fund the acquisition through a mix of debt in local and foreign currencies: CFO Jose Lettiere


NATURA Cosmeticos SA entered exclusive talks to acquire British makeup seller Body Shop from L'Oreal SA, with an offer that values the UK chain at one billion euros (S$1.5 billion).

An acquisition by Natura would represent a major expansion for the Brazilian cosmetics...