PARIS — Financière FC, the holding company that controls Clarins, has acquired enough shares in the French cosmetics firm to delist it from the Paris stock exchange, L’Autorité des Marchés Financiers, the French market regulator, announced Tuesday.
Financière FC, which is owned by the Courtin-Clarins family, now holds 96.4 percent of Clarins capital and 97.2 percent of its voting rights. The company, which has traded on the Paris Bourse since 1984, will be delisted “very soon,” according to a Clarins spokeswoman.
The tender offer took place between Aug. 6 and Sept. 16, during which time Financière FC paid 680 million euros, or just over $1 billion at current exchange, for more than 12 million shares.
The Courtin-Clarins family announced its tender offer plans in late June, at which time it held 51.5 percent of Clarins’ capital, explaining it wanted to regain its independence and no longer be submitted to the financial reporting calendar.