Brazilian cosmetic marker Natura (NATU3.SA), has entered into a binding agreement to sell Avon International to an acquisition vehicle that is an affiliate of Regent, the company said in a securities filing on Thursday.
The deal does not include the Russian market, operations for Latin America and the Avon brand, it added.
Natura will receive a nominal consideration of 1.00 GBP ($1.36) at the closing of the deal. Afterwards, the cosmetic maker will get contingent payments based on the future results and certain liquidity events limited to GBP 60 million.
($1 = 0.7343 pounds)
