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flag L'Oréal is buying 10% of Galderma, boosting its stake to 20%, with the deal closing in early 2026.

flag L'Oréal is increasing its stake in Swiss dermatology company Galderma to 20% by acquiring 10% from a consortium led by EQT, with the deal expected to close in early 2026. flag The transaction, which does not disclose financial terms, follows Galderma’s strong post-IPO performance since its March 2024 listing. flag L'Oréal plans to nominate two board members for the 2026 annual meeting, signaling deeper involvement, though it has no current plans to raise its stake further. flag The move reflects L'Oréal’s ongoing strategy to expand in medical dermatology and aesthetics.

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