The death of the world’s richest woman may—eventually—trigger the unwinding of anachronistic cross-shareholdings between three of Europe’s largest companies. Investors are likely to end up with more money one way or another. Liliane Bettencourt, whose father founded cosmetics giant L’Oréal in 1907, died Thursday at the age of 94. Because Ms. Bettencourt suffered from dementia, her daughter and grandchildren already controlled her...

Source: Wall Street Journal September 22, 2017 13:07 UTC