PARIS – Natura & Co. plans to delist from the New York Stock Exchange next month.
The São Paulo-based beauty company, which has a primary listing in Brazil, said in a statement to shareholders and the market that its board of directors on Thursday approved the plan to voluntarily delist from the NYSE.
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Natura had listed there in January 2020, linked to its acquisition of Avon Products Inc. That company’s shares were already listed and traded on the NYSE.
“The delisting from the NYSE aligns with the company’s long-term strategy to simplify operations,” Natura & Co. said in a statement.
The company expects the NYSE to suspend its trading on or about Feb. 9.
Natura has been shedding assets. In mid-November 2023, the group said it was selling The Body Shop to private equity firm Aurelius Investment in a deal valuing the chain at 207 million pounds.
At the time, Natura said it was part of its efforts to streamline operations and simplify its business after having sold Aesop to L’Oréal. That deal, which valued Aesop at more than $2.5 billion, was closed in late August 2023.
Natura also said it was positioning to focus on strategic priorities, including the group’s integration in Latin America.
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