Natura &Co, Avon Close to Closing Transaction

Natura &Co, Avon

Following the May announcement that it had reached an agreement to acquire Avon Products, Inc., Natura &Co recently announced that it has completed important steps towards closing the transaction.

As previously announced to the market, Natura &Co Holding S.A. will be the new holding company for the Natura &Co group, having dual listing in the Brazilian and in the New York Stock Exchanges.

Most recently, on September 25, 2019, Natura &Co Holding S.A. obtained approval from the Brazilian Securities Commission (CVM) for registration as a publicly held company, and on September 30, 2019, the U.S. Securities and Exchange Commission (SEC) declared effective Natura &Co Holding S.A. registration statement on Form-4. These approvals will enable Natura &Co Holding S.A. to be listed on B3 in the Novo Mercado segment and on the New York Stock Exchange (NYSE) through the issuance of level II ADRs, and are important steps in the process of closing the deal with Avon Products, Inc.

Natura &Co also announced that on October 2, it successfully concluded the solicitation of consents on behalf of Avon Products, Inc. for the 2023 and 2043 Notes with respect to change in control provisions that would be triggered by the business combination of Natura &Co and Avon Products, Inc.

Please follow and like us: