Natura &Co confirms assessing selling stake in Aesop among alternatives

In response to a communication from its local securities regulator, Natura &Co (NTCO) issued a comment to the market in which it stated, according to a translation of the notice: "In compliance with the Official Letter, Natura &Co Holding S.A. clarifies which, as informed in the Notice to the Market of November 30, 2022, remains assessing the feasibility of selling a stake in Aesop as one of the strategic alternatives to finance Aesop’s accelerated growth, as well as to add more value to the company and its shareholders. The news published by Valor Economico newspaper, on 01/30/2023, under the title ‘Natura &Co rises after reports that LVMH and L’Oreal are interested in Aesop’, as well as other reports similar messages published in the media about potential stakeholders who would be studying submitting proposals or evaluating the Aesop brand reflects market speculation about the ongoing process. So far there is no definition as to the terms, conditions and the counterparty itself of the company in a potential transaction. The company is at your entire disposal for any further clarification required."