Feb 23 (Reuters) - Estee Lauder Companies Inc (NYSE:EL) EL.N :
* THE ESTÉE LAUDER COMPANIES TO INCREASE ITS OWNERSHIP IN DECIEM
* ESTEE LAUDER COMPANIES INC - AMOUNT TO BE PAID BY ELC AT CLOSING IS APPROXIMATELY USD $1.0 BILLION
* ESTEE LAUDER - WILL EXPAND INVESTMENT IN DECIEM , AND ESTABLISH TERMS FOR FULL OWNERSHIP IN THREE YEARS
* ESTEE LAUDER COMPANIES INC - DEAL REFLECTS TOTAL ENTERPRISE VALUE OF APPROXIMATELY USD $2.2 BILLION FOR FIRST PHASE
* ESTEE LAUDER COMPANIES INC - UPON CLOSING FIRST PHASE, ELC EXPECTS TO HAVE A NON-CASH GAIN ON ITS INITIAL INVESTMENT.
* ESTEE LAUDER COMPANIES INC - TO INCREASE ITS INVESTMENT IN DECIEM BEAUTY GROUP FROM ABOUT 29% TO ABOUT 76%
* ESTEE LAUDER COMPANIES - PURCHASE PRICE FOR REMAINING INTEREST IN SECOND PHASE WILL BE DETERMINED BASED ON FUTURE PERFORMANCE OF DECIEM