French multinational beauty products major L’Oréal confirmed on Monday its acquisition of a 10% stake in Galderma Group, a Swiss pharmaceutical company. The financial details of the deal were not disclosed. The stake is being acquired from Sunshine SwissCo, a consortium led by EQT, Abu Dhabi Investment Authority (ADIA), Auba Investment Pte Ltd, all acting jointly as sellers. The deal will be implemented by way of an off-market block trade with the EQT-led consortium. L’Oréal and the EQT-led consortium do not intend to act in concert. L’Oréal plans to fund the purchase with available cash and c…