The operation should take place within a period of up to six months, observing the average target price of R$9.75, said the company
(Reuters) – Natura () reported on Monday that its shareholders and the investment fund held by vehicles managed by Advent entered into a binding commitment to acquire a stake equivalent to at least 8% and, at most, 10% of the company’s share capital, according to a statement.
The operation should take place within up to six months, observing the average target price of R$9.75, said the company.
According to Natura, with this minority stake, Advent will be able to appoint two additional members to form the Board of Directors and participate in some advisory committees of the collegiate.
