Estée Lauder Seeking €5 Billion for Puig Deal, Report Says (1)

Estée Lauder Cos. has hired JPMorgan Chase & Co. to take the lead on structuring a financing package of about €5 billion ($5.9 billion) to fund its potential tie-up with Spanish company Puig Brands SA, Expansion reported.

JPMorgan is coordinating talks with other lenders on the package, which would help fund a cash-and-stock takeover bid for Puig, the newspaper said, citing market participants it didn’t identify.

JPMorgan declined to comment. Europe-based representatives for Estée Lauder didn’t immediately respond to an email seeking comment.

Bloomberg reported this month that New York-based Estée Lauder and Puig were advancing in negotiations to ...