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Coty sells remaining Wella stake to KKR
THE WHAT? Coty has sold its remaining 25.8 percent stake in professional haircare company Wella to KKR-managed investment vehicles, completing its full exit from the business. THE DETAILS Under the terms of the transaction, Coty will receive US$750 million in upfront cash consideration, alongside an entitlement to 45 percent of any proceeds from a…