By  on December 6, 2013

PARIS — L’Oréal stock rose strongly Friday following news that Nestlé will sell its 10 percent stake in Givaudan, the Swiss fragrance and flavors supplier.

The French beauty giant closed the day up 3.6 percent to 126.80 euros, or $173.64 at current exchange, as market speculation percolated yet again that Nestlé could divest its 29.3 percent stake in L’Oréal in April, once a shareholder pact expires.

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