Representatives of the families controlling Estée Lauder (NYSE:EL) and Puig (BIT:1PUIG) are expected to meet in New York this week to explore the terms of a possible merger between the two beauty groups, according to a report by Spanish newspaper Expansion, citing unnamed market sources.
According to the report, the talks will center on key aspects of the potential transaction, including the governance structure of the combined company, the terms of a shareholders’ agreement, and the share exchange ratio.
The newspaper added that the merged entity would initially seek a listing in the United States.
Estée Lauder operates as a publicly traded American multinational specializing in prestige beauty products, while Puig is a Spanish family-controlled group focused on fashion, fragrances, and cosmetics.