Galderma Group AG

GALD

CH1335392721

Personal Products

Market Closed - Swiss Exchange Other stock markets 11:30:15 2024-09-06 am EDT			5-day change	1st Jan Change
79.45 ^CHF	+0.14%		-3.46%	0.00%

Sep. 05	Such a long wait
Sep. 04	Galderma Stock Falls After Report That Backers Plan to Sell Shares -- Update	DJ

L'Oreal Buys Stake in Swiss Skincare Company Galderma

August 05, 2024 at 01:47 am EDT

By Mauro Orru

L'Oreal agreed to acquire a minority stake in Swiss skincare company Galderma, banking on its dermatology portfolio.

The French cosmetics giant said it was acquiring a 10% stake in Galderma from EQT-led Sunshine SwissCo, Abu Dhabi Investment Authority and Auba Investment Pte. L'Oreal didn't disclose the value of the stake, but said it would fund the deal through cash and credit lines.

A 10% stake in Galderma is valued at roughly 1.59 billion Swiss francs ($1.85 billion) based on the stock's Friday closing price of CHF66.96.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

08-05-24 0146ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
L'ORÉAL	382.80 EUR	-1.23%	-3.48%	227B
EQT AB	317.30 SEK	-0.31%	-7.44%	36.51B
GALDERMA GROUP AG	79.45 CHF	+0.14%	-3.46%	22.46B

Latest news about Galderma Group AG

Such a long wait	Sep. 05
Galderma Stock Falls After Report That Backers Plan to Sell Shares -- Update	Sep. 04	DJ
Galderma Stock Falls After Report That Backers Plan to Sell Shares	Sep. 04	DJ
Galderma Owners Reportedly Aim to Sell USD 1.2 Billion Stake	Sep. 04	CI
Springer Nature could launch IPO as soon as next week, sources say	Sep. 03	RE
Swiss Equities Advance on US Economic Growth	Aug. 29	MT
Galderma Issues CHF500 Million Inaugural Bonds	Aug. 29	MT
Swiss Stocks Close in the Green; Tecan Group Plunges	Aug. 13	MT
Global markets live: Starbucks, J&J, On Holding, GM, Pandora...	Aug. 13
Galderma Wins US FDA Nod for Prurigo Nodularis Treatment	Aug. 13	MT
Galderma Receives U.S. FDA Approval for Nemluvio (nemolizumab) for Adult Patients Living With Prurigo Nodularis	Aug. 13	CI
JP Morgan Starts Galderma Coverage at Overweight	Aug. 09	MT
Consumer Cos Down on Recession Fears -- Consumer Roundup	Aug. 05	DJ
Swiss Equities Flash Red on US Recession Fears	Aug. 05	MT
Transcript : Galderma Group AG, L'Oréal S.A. - M&A Call	Aug. 05
L'Oreal Buys Stake in Swiss Skincare Company Galderma -- 2nd Update	Aug. 05	DJ
European stocks drop as U.S. recession worries spark global selloff	Aug. 05	RE
Transcript : Galderma Group AG, L'Oréal S.A. - M&A Call	Aug. 05
European stocks hit near six-month low on US recession fears	Aug. 05	RE
L'Oreal Buys Stake in Swiss Skincare Company Galderma -- Update	Aug. 05	DJ
L'Oréal Buys 10% Stake in Galderma from EQT-led Consortium, Abu Dhabi's Wealth Fund	Aug. 05	MT
L'Oreal Buys Stake in Swiss Skincare Company Galderma	Aug. 05	DJ
L'Oreal to acquire 10% stake in Swiss skin care firm Galderma	Aug. 05	RE
L'Oreal acquires 105 stake in dermatology company Galderma	Aug. 05	RE
L'Oréal S.A. (ENXTPA:OR) signed an agreement to acquire 10% stake in Galderma Group AG from Sunshine SwissCo AG, Abu Dhabi Investment Authority and Auba Investment Pte. Ltd.	Aug. 04	CI

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Company Profile

Galderma Group AG is a Switzerland based holding Company, specializing in dermatological treatments and skin care products. The Company, throw its subsidiaries, operates a portfolio of carious self-care brands focusing primarily on dermatological solutions, through its subsidiaries. production within the portfolio include neuromodulators, fillers. and biostimulators. these products are designed to relax winkles via injection, fill wrinkles in a specific location via injection and stimulate the body's cells to function optimally. The production process, for the various products primarily takes place in house, form research and development to manufacturing. In addition, including education, scientific engagements, and other services are offered.

Employees

6,545

Sector

Personal Products

Calendar

2024-09-11 - UBS Best of Switzerland Conference

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