Puig buys remaining ISDIN stake for 1.20B euros
Spanish beauty group Puig has agreed to buy the remaining fifty percent stake in ISDIN for 1.20 billion euros. The deal provides full ownership and strengthens its position in dermatology-linked skin care. Closing is expected by early 2027 pending approvals.
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PUIG BRANDS SA-B agreed on Monday afternoon to buy the remaining 50% stake in ISDIN for €1.20 billion ($1.41 billion), securing full ownership of the brand. The transaction gives the Spain-based beauty group complete control of the dermatology-linked skin care portfolio. The deal expands the company's exposure to the skin care sector as traditional fragrance demand normalises.
