L'Occitane Chairman Reinold Geiger Proposes $7 Billion Buyout to Take Company Private

Reinold Geiger aims to delist L'Occitane from the Hong Kong Stock Exchange, offering a significant premium over recent share prices.

Reinold Geiger, the billionaire owner of L'Occitane, has offered to buy out the company in a deal that values it at around $7 billion, including debt.
The proposed buyout price per share ranges from HK$33 to HK$34, which represents a premium of about 12% to 15% over recent trading values.
Geiger plans to finance the buyout with support from Blackstone's Tactical Opportunities Fund and Goldman Sachs's asset management arm.
The move to privatize aims to provide L'Occitane with more flexibility to invest in long-term growth and strategic acquisitions, away from public market pressures.
Trading of L'Occitane shares has been suspended since April 9, with plans to resume after the transaction details are finalized.