Estee Lauder has appointed JPMorgan to lead a financing package worth around EUR5 billion to complete its cash-and-stock acquisition of Spanish company Puig Brands, according to a report from Expansion.It is understood that JPMorgan is coordinating negotiations with other financial institutions. Last month, Estee Lauder and Puig confirmed they were in discussions regarding a potential merger, but they didn't disclose any transaction terms.Related NewsRetail Sales YoY for Mar in the United States is 4.0%, higher than the previous value of 3.7%.
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