May 18, 2024 11:04 am
Puig’s Stock Market Wealth Reaches 10.5 Billion Euros thanks to Paco Rabanne and Catalan Fluidra or Colonial

The Puig family has recently gained attention in the financial markets due to their successful IPO of their company. In addition to Puig Brands, the family is also involved in various patrimonial companies and family offices that invest in securities such as Inmobiliaria Colonial and Fluidra, two companies listed on the Ibex 35. They have substantial investments in real estate and venture capital funds reserved for high-net-worth clients.

The IPO of Puig’s company was the largest in Europe in 2024, with a market capitalization exceeding 13.9 billion euros. The family retains 72% of the shares, giving them a valuation of 10 billion euros and a spot among the world’s richest individuals overnight. Despite this, they maintain tight control over the company, with 92.5% of the shares remaining in the family’s hands.

Apart from their company, Puig’s family has investments in other listed companies, including Inmobiliaria Colonial and Fluidra. They hold a significant stake in Colonial, making them the third-largest shareholders of the company. Their investment in Fluidra has also been lucrative, with the company’s market value increasing sevenfold in the last decade.

The Puig family is not just known for their business ventures but also for their philanthropic work. They have been actively involved in supporting various charitable causes through their foundation called Fundación Puig de la Serda. The foundation focuses on education and healthcare initiatives and has helped numerous people across Spain and beyond.

In conclusion, the Puig family is one of Spain’s most prominent business families with substantial investments in various industries such as fashion, real estate, and technology. Their recent IPO has solidified their position as one of Europe’s wealthiest individuals while maintaining control over their empire.

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