Blackstone is considering a bid for Hong Kong-listed skincare firm L'Occitane International SA , Bloomberg News reported on Monday, citing people familiar with the matter, sending the French firm's shares to their highest in two years.
The U.S. private-equity giant has been conducting preliminary due diligence while it evaluates a potential buyout bid along with considering the possibility of teaming up with L'Occitane's billionaire chairman Reinold Geiger for the takeover, the report added.
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