Coty files for partial IPO of Brazil business

Coty confirmed today that it will pursue a partial initial public offering (IPO) of its Brazil business to boost growth  the country.

The company said it completed the first filing at CVM, the Securities and Exchange Commission of Brazil. If the offering is successful, the company says the move will also advance its deleveraging agenda.

Coty plans to remain a controlling shareholder of the Brazil affiliate.

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