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

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.