Moreira Salles Family Unveils Takeover Bid for French Bottler Verallia

The Moreira Salles family plans to acquire all shares of Verallia at 30 euros per share, valuing the firm at 6.1 billion euros. The bid, through BW Gestao de Investimentos, aims to enhance Verallia’s stability without job cuts or delisting, following positive earnings forecasts for the company.

The Moreira Salles family of Brazil has announced its intention to initiate a takeover bid for the French bottling company Verallia, aiming to acquire all outstanding shares at a price of 30 euros each, totaling a valuation of 6.1 billion euros. This bid will proceed through BW Gestao de Investimentos (BWGI), which is part of Brasil Warrant Administracao de Bens e Empresas (BWSA). The family currently holds approximately 28.8% of Verallia’s shares.

Previously, BWGI disclosed plans to acquire Verallia post-evaluation of the firm’s full-year financial results. In recent performance metrics released by Verallia, the company reported adjusted core earnings that slightly exceeded market expectations for 2024, anticipating similar profitability for 2025 alongside increased free-cash-flow generation.

The initial offer period for this takeover is expected to conclude by the end of the first half of 2025. BWGI has assured stakeholders that there are no intentions to delist Verallia, nor will the offer result in any job reductions. The statement emphasized that BWGI aims to enhance Verallia’s stability amidst challenging market conditions.

Although inquiries have been made, representatives of Verallia have yet to provide an official response regarding this takeover bid.

In summary, the Moreira Salles family’s takeover bid for Verallia marks a significant move in the investment landscape, as they seek to acquire full ownership at a valuation of 6.1 billion euros. With positive financial forecasts from Verallia, the bid aims to strengthen the company’s stability without triggering job cuts or delisting, reflecting a strategic effort within a complex market environment.

Original Source: www.tradingview.com