L’Oréal to buy back 4% stake from Nestlé

L’Oréal is to buy back 4% of its own shares held by Swiss group Nestlé for a total of €8.9bn. The buy-back will reduce Nestlé’s stake in L’Oréal from 23.3% to 20.1%.

The French group will buy back 22.26 million...