Brazil's Moreira Salles family has confirmed its interest in acquiring French glass packaging producer Verallia and said that it does not intend to delist the company.
BW Gestao de Investimentos (BWGI), owned by the Moreira Salles holding company Brasil Warrant Administracao de Bens e Empresas (BWSA), expects to offer €30 per share for the stake it does not already own in Verallia, including 2024 dividends, the family's office said in a statement.
Analysis 'remains at a preliminary stage', with further assessment expected after Verallia's full-year results on 19 February, BWGI said.
Assess The Offer
Verallia said its board will meet 'as soon as possible' to assess the offer once it is formally submitted.
Takeover rumours had boosted the company's Paris-listed shares by more than 11% to €29.8 by Friday's (31 January) close.
BWGI owns about 28.8% of Verallia's capital and 27.9% of the voting rights through the Kaon V fund, its statement said.
A potential bid to take the company private was first reported by Bloomberg News on Friday (31 January).
Food And Beverage Packaging
Close to half (48%) of packaging companies in the food and beverage sector are focusing on future-proofing their operations, new research from Industrial Physics has revealed.
Future-proofing will help companies meet challenges and cater to the changing market conditions.
The report, titled Unwrapping the External Environment examines three key areas: supply chain challenges, consumer reactions, and investment in future-proofing.
Steve Davis, global director of product management at Industrial Physics, commented, “There's more instability on the planet than there's been for years, and that drives people to make sure that they’ve got what they need to continue meeting demand, and do what they can to forecast.”
News by Reuters, additional reporting by ESM.
