Billionaire and L’Occitane International SA Chairman, Reinold Geiger is reportedly looking to make the skincare company private. Geiger is planning to bid on shares he does not already own, a deal worth roughly $7 billion including debt, Bloomberg reports.
 
According to reports, Geiger plans to make an offer as early as April 29 for Hong Kong listed shares that he does not own at HK$33 ($4.22) to HK$34 ($4.34) apiece. Trading of L’Occitane was suspended in Hong Kong on April 9, awaiting an announcement associated with takeover codes. 

As the company chairman, Geiger already owns over 70% of the company. 
 
Last year Geiger had the opportunity to make the company private, but decided against it, triggering a drag in shares. 

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