In Spain


Puig Brands (Carolina Herrera, Paco Rabanne, Jean Paul Gaultier…) will go public on May 3, with a valuation of more than 12.7 billion euros

Puig Brands – the group that owns Carolina Herrera, Paco Rabanne, Jean Paul Gaultier, Nina Ricci and Charlotte Tilbury – will go public on 3 May at a price of between 22 and 24.5 euros per share. That means a valuation of between 12.7 and 13.9 billion. And although it has not yet approved a shareholder remuneration policy, it says it expects to pay out 40% of its profits in…

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Merlin Properties contracts with two US investment banks to increase capital by up to €1 billion

Intermoney| Merlin Properties (MRL) (Buy, Target Price €12/share) has contracted with two US investment banks for a capital increase of up to €1 billion, which it expects to be completed before the end of this year, according to Cinco Días. The REIT expects the funds to be used for the start-up of data centres, its current main avenue for growth. Merlin expects a large part of the capital increase to…