Estee Lauder taps JP Morgan to finance Puig takeover bid, Spanish daily Expansion says
21/04/2026 07:03
MADRID, April 21 (Reuters) - U.S. cosmetics giant Estee Lauder EL.N has commissioned J.P. Morgan JPM.N to structure a financing package of around 5 billion euros ($5.89 billion) for its takeover bid of Spanish firm Puig PUIGb.MC, sources told Spanish newspaper Expansion.
Last month, Puig and Estee Lauder said they were exploring a deal that would create the world's largest premium beauty player, with brands including Tom Ford, Carolina Herrera, Rabanne, Jean Paul Gaultier, and Clinique under one roof.
Estee Lauder did not immediately reply to a Reuters' request for comment outside of U.S. business hours.
($1 = 0.8489 euros)
(Reporting by Paolo Laudani; Editing by Sherry Jacob-Phillips)
((Paolo.Laudani@thomsonreuters.com;))