Puig Brands to Fully Acquire Spanish Skincare Company Isdin

04:11 AM EDT, 09/15/2026 (MT Newswires) -- Puig Brands (PUIG.MC) agreed to purchase the remaining 50% stake it does not own in Spain-based skincare company Isdin from Corporación Químico-Farmacéutica Esteve. The transaction will give the Spanish fashion and beauty company full ownership of Isdin and strengthen its presence in dermocosmetics, according to a Monday release. Puig will purchase the stake for 1.20 billion euros, of which 900 million euros will be paid at closing, expected to take place by the end of the first quarter of 2027. The remaining 300 million euros will be deferred to the first quarter of 2029. Closing of the deal is subject to regulatory approvals.