Puig To Own All Of ISDIN After €1.20 Bln Deal With Esteve

By Reuters News

Sept 14 (Reuters) - Puig Brands, S.A. PUIGb.MC:

  • SIGNS AGREEMENT TO BUY 50% OF ISDIN FROM ESTEVE

  • TO OWN 100% OF ISDIN AFTER DEAL COMPLETION

  • DEAL VALUED AT €1.20 BILLION FIXED PRICE

  • €900 MILLION TO BE PAID AT DEAL CLOSING

  • €300 MILLION DEFERRED PAYMENT TO BE MADE IN Q1 2029

  • DEAL EXPECTED TO CLOSE BY END OF Q1 2027 SUBJECT TO REGULATORY APPROVALS

  • NET FINANCIAL DEBT/ADJUSTED EBITDA NOT TO EXCEED 2.0X POST DEAL

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Further company coverage: [PUIGb.MC]

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