Puig jumps on report Estee Lauder lines up bid financing

Estee Lauder Companies

21/04/2026 10:45

** Puig PUIGb.MC shares rise 5% after a newspaper report said Estee Lauder EL.N had hired J.P. Morgan to help finance a potential takeover bid for the Spanish beauty group

** Sabadell analysts say the report points to merger plans continuing to move forward in a deal structured mainly as a share-for-share transaction

** According to Spanish newspaper Expansion, the U.S. cosmetics group has commissioned the bank to structure a financing package of around 5 billion euros ($5.88 billion)

** Estee Lauder did not reply to a Reuters request for comment on the report

** Puig hits its highest level since March 2025, making the stock the biggest gainer on the pan-European STOXX 600 .STOXX

($1 = 0.8503 euros)

 (Reporting by Mireia Merino)

 ((Mireia.merino@thomsonreuters.com))