Coty sells its remaining 25.8% stake in Wella to KKR for $750 million in immediate cash proceeds.
Transaction aligns with Coty's strategy to divest Wella by the end of CY25.
Proceeds to strengthen Coty's financial position and reduce net leverage to ~3x by CY25.
Immediate Cash Proceeds
$750 million upfront cash consideration from Wella stake sale.
Financial Impact
Reduction in Coty's net leverage to ~3x by the end of CY25.
Strategic Focus
Focus on divesting non-core assets like Wella for financial strength.
- Coty's sale of Wella stake marks significant progress in deleveraging and portfolio simplification strategy.
- Transaction demonstrates Coty's commitment to financial targets and value creation for shareholders.
The sale of Coty's Wella stake to KKR is a strategic move that aligns with the company's long-term financial goals and commitment to deleveraging and value creation. This transaction strengthens Coty's financial position and sets a clear path towards achieving its leverage targets.