Puig to take full ownership of ISDIN for €1.2 billion
Bitget2026/10/28 11:53- Puig will take full ownership of ISDIN from the Esteve family for €1.2 billion, ending 50 years of co-ownership.
- Payments comprise €900 million at closing and €300 million in the first quarter of 2029.
- Closing is expected in the first quarter of 2027, with funding from existing resources and new debt.
- Leverage is expected to remain below 2.0 times at fiscal 2027 year-end, with rapid debt reduction thereafter.
- The deal will expand the dermocosmetics business, making it the second-largest growth engine while diversifying beyond fragrances.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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