French cosmetics company L'Oreal SA (OR.FR) is due to sign an agreement Thursday to buy skincare brand Cadum for EUR200 million, French daily Le Figaro reports on its website, without citing sources.
The newspaper reports that L'Oreal plans to boost its consumer products division with the acquisition of the company, which it is set to buy from London-based investment fund Milestone Capital.
Milestone bought Cadum for nearly EUR50 million in 2007, Le Figaro reports.
A L'Oreal spokeswoman declined to comment on the matter.
No one at Milestone was available for comment.
Full story: http://www.lefigaro.fr
-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740