Puig Plans Full Ownership of ISDIN, Targets Deal Closing in First Quarter of 2027

• Puig plans to take full ownership of ISDIN, positioning dermo-cosmetics as its second-largest growth engine.
• Cash consideration comprises €900 million at closing and €300 million during the first quarter of 2029.
• Closing is expected in first-quarter 2027, subject to regulatory clearance; funding will combine internal resources with new debt.
• Net debt to adjusted EBITDA is expected to remain below 2.0 times at year-end 2027, with rapid deleveraging thereafter.
• ISDIN is expected to outgrow the dermo-cosmetics market over the medium term, with progressive margin improvement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Puig Brands SA published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.