Puig to Join Spain’s Benchmark Stock Index, Melia Set for Exit
This article is for subscribers only.
Luxury beauty company Puig Brands SA will be added to Spain’s benchmark stock index, replacing Melia Hotels International SA, in the first revamp of the blue-chip gauge in a year and a half.
The Spanish beauty and fragrance group will join the Ibex-35 as from July 22, according to a statement from the exchange after an extraordinary meeting Tuesday. The next meeting will take place on Sept. 12.