Natura &Co has reached agreement to sell The Body Shop to international private equity group Aurelius. Aurelius has signed an agreement to acquire The Body Shop for an enterprise value of GBP 207M, including an earn-out of GBP90M. The price and the earn-out will be payable in up to five years after closing. The closing of the transaction is expected to occur by December 31, 2023, and is subject to customary regulatory approvals.
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