February 13, 2020 / 9:04 PM / 2 months ago

Brazil's Boticario eyes bid for Coty ops in Brazil -report

SAO PAULO, Feb 13 (Reuters) - Brazilian cosmetics maker Grupo Boticario is analyzing a bid for the Brazilian operations of Coty Inc, Boticario Chief Executive Artur Grynbaum said on Thursday, according to a report on the website of Brazilian newspaper Valor Economico.

Grynbaum said the group is considering a bid that would be delivered next month to Coty's financial advisor, Credit Suisse Group AG.

Spokespersons for Boticario and Coty did not immediately respond to a request for comment. (Reporting by Tatiana Bautzer and Gabriela Mello; Editing by Sandra Maler)

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