Natura Enters Agreement to Sell Avon International

Core Points - Natura Cosméticos has entered into a binding agreement to sell its Avon International business to an acquisition vehicle affiliated with Regent, excluding the Russian market and Latin American operations [1] - The sale will provide Natura with a nominal consideration of 1 pound, with potential contingent payments up to 60 million pounds based on future results and liquidity events [2] - The sale of Avon International, along with the sale of Avon business in Central America, is part of Natura's strategy to streamline operations and focus on its core business in Latin America [3] Additional Details - Natura has also agreed to sell the Avon business in Guatemala, Nicaragua, Panama, Honduras, El Salvador, and the Dominican Republic to Grupo PDC, while continuing to supply finished goods and licensing the Avon brand in that region [4] - The company has been exploring options for Avon's international business intermittently [4]