U.S. cosmetics group Coty (COTY.N) has won auctions to acquire three businesses from Procter & Gamble Co (PG.N) for as much as $12 billion, a source familiar with the matter told Reuters.
Reuters reported last week that Henkel & Co KGaA AG (HNKG_p.DE) and Coty, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of P&G's beauty businesses.
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