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Shiseido signs deal to sell two skincare brands to L'Oreal

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[February 20, 2014]  TOKYO (Reuters) — Japan's Shiseido Co Ltd <4911.T> said on Thursday that it has signed a deal to sell skincare brands Decleor and Carita to L'Oreal SA <OREP.PA> for about 230 million euros ($316.3 million).

The two companies had been in exclusive talks for the transaction since last October.

($1 = 0.7271 euros)

(Reporting by Dominic Lau; editing by Chang-Ran Kim)

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