 Coty Inc. shares COTY, -1.01 jumped 2.3 in premarket trade Friday, after the company announced a definitive agreement to sell a roughly 9 stake in beauty and hair care company Wella to private-equity firm KKR Co. KKR, 0.07 for the redemption of half of KKRs remaining convertible preferred shares in Coty. The deal will reduce Cotys shareholding in Wella to about 30.6 and reflects a 50 gain in Wellas value since Coty closed the sale of 60 of the company to KKR in December of 2020, Coty said in a statement. 