Brazil’s Moreira Salles family is launching a takeover bid for French bottler Verallia, offering 30 euros per share. The total valuation stands at 6.1 billion euros. BWGI, the investment arm, aims to finalize the bid by mid-2025 and plans to keep Verallia listed without any job cuts.
The Moreira Salles family from Brazil has announced a takeover bid for Verallia, the French bottler, offering 30 euros ($32.51) per share, equating to a total company valuation of 6.1 billion euros. This bid is executed through BW Gestao de Investimentos (BWGI), part of Brasil Warrant Administracao de Bens e Empresas (BWSA), which already holds approximately 28.8% of Verallia’s shares.
In February, BWGI expressed intentions to acquire a larger stake in Verallia, pending analysis of its full-year results. Following a positive report from Verallia about adjusted core earnings (EBITDA) surpassing predictions for 2024 and expectations of similar profit levels for 2025, BWGI remains committed to finalizing a bid.
The initial offer period for the bid is anticipated to conclude by late Q2 2025. BWGI clarified plans to keep Verallia publicly listed and guaranteed that there will be no job cuts resulting from the acquisition. They stated, “In a complex environment, BWGI’s objective is to reinforce the stability of Verallia.”
Verallia representatives did not provide immediate comments on the bid.
The Moreira Salles family’s bid for Verallia highlights intentional strategic growth within the beverage industry. With an offer valuing Verallia at 6.1 billion euros, the maintaining of workforce levels and commitment to stability signals BWGI’s approach towards fostering long-term operational consistency despite market complexities.
Original Source: www.tradingview.com
