PARIS — As trading in Groupe Clarins’ stock remained suspended Friday on the Paris Bourse, speculation mounts the company will de-list and go private.
Financière FC, the holding company for the Courtin-Clarins family – owners of 65.1 percent of the firm’s capital and 78 percent of its voting rights – called a press conference in Paris on Monday at 9 a.m. “on the occasion of the operation initiated by the Courtin family on the capital of Clarins through non-trading Financière FC.”Should the Courtin-Clarins family buy back the 30.5 percent stake floated on the stock market, it would cost it roughly 534 million euros, or $840.7 million.
As reported, Clarins suspended trading in its shares Thursday afternoon at 43.72 euros, or $68.81 at current exchange, up 1.67 percent versus Wednesday’s close.
The move sparked a global guessing game about Clarins’ next move. The beauty firm has been one of the most sought-after brands for the last few years, with everyone from Coty Inc., L’Oréal, Procter & Gamble, the Estée Lauder Cos., LVMH Moët Hennessy Louis Vuitton, Beiersdorf-and even private equity players-mentioned as possible acquirers.