L'Oreal looks to buy out Nestle's stake

L'Oreal (LRLCF) says it would make sense to buy out Nestle's (NSRGY) large stake in the company.

Nestle has to give first crack at the block of shares repping 29% of L'Oreal to the Bettencourt family due to the terms of a shareholder agreement which expires in April.

Analysts think the Nestle could use the cash infusion to help it prep for a decent-sized acquisition.

Shares of both L'Oreal and Nestle are up over 2% in Paris trading.

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