April 29 (Reuters) - The billionaire owner of L'Occitane
International is close to making a proposal to take
the French skincare firm private as early as Monday in a deal
that could value it at about $7 billion including debt,
Bloomberg News reported.
Chairman Reinold Geiger's investment holding company,
L'Occitane Groupe SA, is considering an offer for the Hong-Kong
listed firm's shares he does not already own, at HK$33 to HK$34
per share, the report said, citing people familiar with the
matter.
Earlier in the month, Reuters reported that Geiger was in
advanced discussions with investors and lenders and was planning
to make an attempt to buy out the company, months after he had
shelved a previous attempt, according to two sources.
A possible offer could value L'Occitane at about 6.5 billion
euros ($6.95 billion), Bloomberg reported, adding that
Blackstone Inc's ( BX ) tactical opportunities fund and Goldman
Sachs Asset Management may provide around 1.6 billion euros in
funding.
Trading of L'Occitane was suspended in Hong Kong on April 9,
pending an announcement related to takeover codes.
Geiger had decided against a deal to take the company
private last September, triggering a drag in the shares.
L'Occitane, Blackstone and Goldman Sachs ( GS ) did not immediately
respond to a Reuters request for comment.
($1 = 0.9353 euros)