Estee Lauder Cos., Inc. - Ordinary Shares - Class A

NYSE:EL  
256.53
+1.86 (+0.73%)
Debt Financing / Related, Strategic Combinations, Divestitures / Spin-offs

Sarantis Sells Its 49% Stake In Joint Venture With Estee Lauder For EUR 55.2 Million

Published: 06/16/2022 07:20 GMT
Estee Lauder Cos., Inc. - Ordinary Shares - Class A (EL) - Announces the Sale of Its 49% Stake in the Joint Venture With the Estee Lauder Companies for the Price of EUR 55.2 Million.
The Estee Lauder Companies Has Decided That As of June 15 2022, It Will Run Its Operations in the Greek and Balkans Markets Directly.
This Transaction Does Not Affect the Existing Employment Relationships of the Joint Venture Employees.