SAO PAULO, April 4 (Reuters) - The chief executive of
Brazilian cosmetics maker Natura &Co Holding SA said
on Tuesday the company is now focused on a disciplined capital
allocation after agreeing to sell luxury brand Aesop to L'Oreal .
Fabio Barbosa told reporters the company was not considering
further divestments or fresh acquisitions following the $2.53
billion deal announced on Monday, whose main goal was
financially delevaraging Natura amid high interest rates.
Barbosa noted Natura's financial leverage was "pratically
going down to zero" following the transaction, considering both
debt repayments and the cash raised, but added it was time for
"discipline" as the firm looks to improve operations in Latin
America as well as Avon International and The Body Shop
operations.
(Reporting by Gabriel Araujo; Editing by Steven Grattan)
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