Puig acquires full ownership of Isdin for 1.2 billion euros

Madrid – Spanish fashion and beauty multinational the Puig Group is strengthening its position in the strategic dermo-cosmetics segment. It has formalised an agreement with the pharmaceutical company Esteve to acquire its 50 percent stake in the dermo-cosmetics and skincare brand Isdin. The transaction, valued at a total of 1.2 billion euros, will result in the company, chaired by Marc Puig, holding 100 percent of the dermatological company's share capital.