Verallia tops SBF 120 index after BWGI confirms takeover bid

Verallia SA

16/04/2025 08:45

** Shares in Verallia VRLA.PA rise around 5% after its biggest shareholder BWGI confirmed its 30 euros per share takeover bid for the French bottler

** BWGI, owned by Brazil's Moreira Salles family, said on Tuesday it would file a tender offer for Verallia's shares after Q1 results, due on April 23

** The market reacts positively to the news on the formal offer, as there were some concerns that tariffs and weak equity markets would make BWGI lower its offer price, says an analyst who asked not to be named

** The shares are on track for their best day since end-January if the gains hold and are at the top of France's SBF 120 index .SBF120

 (Reporting by Michal Aleksandrowicz)

 ((michal.aleksandrowicz@tr.com))