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Estée Lauder reportedly seeks 5 billion euros in financing to acquire Puig
On April 21, according to reports, sources revealed that Estée Lauder has hired JPMorgan Chase to arrange approximately 5 billion euros in financing for its partnership deal with Spanish company Puig, a beauty and fashion group. The report states that Estée Lauder will launch a cash and stock acquisition offer for Puig. JPMorgan Chase is coordinating negotiations with other lenders regarding the transaction. (Jiemian)