Coty moving forward with Paris share sale, Bloomberg reports

Coty is moving forward with a proposed Paris listing that could take place as soon as the coming weeks, Jan-Henrik Forster, Ryan Gould and Swetha Gopinath of Bloomberg report, citing people with knowledge of the matter. The company has brought on BNP Paribas and Citigroup to work on the deal and is considering raising fresh capital from the listing sources told Bloomberg. Coty aims to formally announce details of the plans as soon as the next few days, and a listing could follow shortly afterward, the people said. Shares of Coty are up 5c to $12.03 following the report.