Brasil's Moreira Salles family confirms takeover plans for French bottler Verallia (updated)

Verallia SA

03/02/2025 07:00

(Recasts paragraph 1, adds details in paragraphs 2-3, Berenberg
comment in paragraph 4, details on BWGI in paragraph 6)
       Feb 3 (Reuters) - Brasil's Moreira Salles family
confirmed its interest in a takeover bid for French glass
packaging producer Verallia  VRLA.PA , and said on Monday that
it does not intend to delist the company.
    BW Gestão de Investimentos (BWGI) expects to offer 30 euros
per share for the stake it doesn't already own in Verallia,
including 2024 dividends, the family's office said in a
statement.
    The analysis "remains at a preliminary stage" with a further
 assessment expected following Verallia's full-year results on
Feb. 19, BWGI said.
    The Paris-listed stock ended up 11.1% at 29.8 euros on
Friday due to the takeover rumours, brokerage firm Berenberg
said.
    Verallia was not immediately available for a comment. 
    BWGI, a unit of the Moreira Salles holding Brasil Warrant
Administração de Bens e Empresas (BWSA), owns around 28.8% of
Verallia's capital, and 27.9% of its voting rights, through the
Kaon V fund, the statement said.
    The potential take-private bid was first reported by
Bloomberg News on Friday.

    ($1 = 0.9763 euros)

 (Reporting by Alessandro Parodi; Editing by Muralikumar
Anantharaman and Sherry Jacob-Phillips)
 ((Alessandro.Parodi@thomsonreuters.com;))