BRIEF-Coty Sells Remaining Stake In Wella To KKR

Reuters12-19

Dec 19 (Reuters) - Coty Inc COTY.N:

SELLS REMAINING STAKE IN WELLA TO KKR
SELLS REMAINING 25.8% STAKE IN WELLA TO KKR
RECEIVES $750 MILLION UPFRONT CASH AND 45% FUTURE PROCEEDS
DEAL REDUCES COTY'S NET LEVERAGE TO ~3X BY CY25
TO USE WELLA CASH PROCEEDS TO PAY DOWN DEBT

((Reuters.Briefs@thomsonreuters.com;;))

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