Brazil's Moreira Salles family launches takeover bid for French bottler Verallia
- 2025-03-11
Brazil’s Moreira Salles family said on Monday it would launch a takeover bid for all shares of French bottler Verallia (VRLA.PA), that it does not own and confirmed it would pay 30 euros ($32.51) for each, valuing the company at 6.1 billion euros.
Shares in the group, which makes bottles for champagne and cognac among other beverages, were up 4% to 29.3 euros in early trading. The stock has gained about 21% since the start of the year, fuelled by the merger talks.
BW Gestao de Investimentos (BWGI), owned by the Moreira Salles holding company Brasil Warrant Administracao de Bens e Empresas (BWSA), said in February it wanted to buy out Verallia, in which it already owns a stake of about 28.8%, but would assess a bid after the company’s full-year results.
