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Natura &Co and Avon take important steps towards closing

Nachrichtenquelle: PR Newswire (engl.)
05.10.2019, 02:56  |  453   |   |   

SÃO PAULO, Oct. 5, 2019 /PRNewswire/ -- Following the announcement in May that Natura &Co had reached an agreement to acquire Avon Products, Inc. ("Avon"), Natura &Co today announced that it has completed important steps towards closing the transaction. As previously announced to the market, Natura &Co Holding S.A. will be the new holding company for the Natura &Co group, having dual listing in the Brazilian and in the New York Stock Exchanges.

Most recently, on September 25th, 2019, Natura &Co Holding S.A. obtained approval from the Brazilian Securities Commission (CVM) for registration as a publicly-held company, and on September 30, 2019, the U.S. Securities and Exchange Commission (SEC) declared effective Natura &Co Holding S.A. registration statement on Form-4. These approvals will  enable Natura &Co Holding S.A. to be listed on B3 in the Novo Mercado segment and on the New York Stock Exchange (NYSE) through the issuance of level II ADRs, and are importants step in the process of closing the deal with Avon Products, Inc.

Natura &Co also announced that on October 2nd, it successfully concluded the solicitation of consents on behalf of Avon Products, Inc. for the 2023 and 2043 Notes with respect to change in control provisions that would be triggered by the business combination of Natura &Co and Avon Products, Inc.

About Natura &Co
A result of the union between Natura, Aesop and The Body Shop, Natura &Co is a global purpose driven, multi-channel and multi-brand cosmetics group. Natura &Co posted net revenues of R$ 13.4 billion in 2018. The three companies that form the group are committed to generating positive economic, social and environmental impact. Founded in 1969, Natura is a Brazilian multinational in the cosmetics and personal care segment and leader in direct sales. Founded in 1976 in Brighton, England, by Dame Anita Roddick, The Body Shop is a global beauty brand that is driven by the ethos of business as a force for good. The Australian beauty brand Aesop was established in 1987 with a quest to create a range of superlative products for skin, hair and the body.

Press Contact

Media Inquiries:
Marcelo Behar, Corporate Affairs Officer Natura &Co
natura@brunswickgroup.com  

Investor Relations:
Viviane Behar de Castro, Investor Relations Director, Natura &Co
RI@natura.net

NO OFFER OR SOLICITATION

This communication is for informational purposes and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

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