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Coty To Sell 3.6% Stake In Wella To IGF Wealth For $150 Mln - Vimarsana News

Coty To Sell 3.6% Stake In Wella To IGF Wealth For $150 Mln

Cosmetics manufacturer Coty Inc. (COTY) announced Tuesday that it has entered into a binding letter of intent to sell a 3.6% stake in Wella to investment firm IGF Wealth Management for $150 million.