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Puig to take full ownership of ISDIN for €1.2 billion

By Public Technologies
  • 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Puig Brands SA published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

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