Puig buys the 50% it didn't own of Isdin from Esteve for 1.2 billion
Puig has agreed to buy the 50% it did not own of Isdin, a Spanish company dedicated to the dermocosmetic and skin care sector, from Esteve for 1.200 billion euros, according to an announcement by the luxury group in a relevant fact sent to the CNMV.
Puig has agreed to buy the 50% of Isdin it did not already own from the Esteve family for €1,200 million. The acquisition will more than double Puig's dermocosmetics business, with Isdin's €648 million in revenue in 2025 set to increase Puig's sales in this area by 117%. Puig will finance the deal with its own resources and bank debt, paying €900 million upfront in 2027 and €300 million more in 2029.
The deal ends 50 years of partnership between Puig and the Esteve family in Isdin, with Puig now owning 100% of the Barcelona-based company.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
