L'Oréal has acquired the skincare brands CeraVe, AcneFree and Ambi from Valeant for a cash purchase price of $1.3 billion.
Through the acquisition, the three skincare brands will become part of L'Oréal’s Active Cosmetics Division, which includes brands such as La Roche-Posay, Vichy and SkinCeuticals.
The acquisition closing is subject to the standard regulatory approvals and other customary conditions.
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