Puig Brands confirms discussions on potential combination with Estee Lauder

In a notice to the market, Puig stated: “Puig Brands (PUGBY), S.A., in accordance with the provisions of article 17 of Regulation No. 596/2014 on market abuse, and article 226 of Law 6/2023, of March 17th, of the Securities Markets and Investments Services, hereby announces the following: Puig confirms it is in discussions regarding a potential business combination with The Estee Lauder (EL) Companies Inc, in which the two companies would potentially merge their businesses. No final decision has been made and no agreement has been reached. Unless and until an agreement is reached, there can be no assurances regarding the deal or the terms.”