Shiseido Co. is in advanced talks to sell its shampoo and affordable skincare business to CVC Capital Partners for 150 billion to 200 billion yen ($1.45 billion-$1.9 billion), as the Japanese cosmetics maker shifts its focus to premium beauty products, people with knowledge of the matter said.

Lamda Development is proceeding with the preparation of the big project in Hellinikon on a feverish pace, given that the agreement with the public sector for the transfer is expected to be completed sometime during the first months of 2021, as stated at yesterday's Extraordinary General Meeting by the CEO of the group, Odysseas Athanassiou.