Brazil Billionaire Family Bids to Take Over France’s Verallia

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Brazil Billionaire Family Bids to Take Over France’s Verallia

Brazil’s billionaire Moreira Salles family is bidding to take over French packaging company Verallia SA to help one if its key investments better navigate rising trade tensions.

latinfinance.com

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Brazil's BWGI makes bid for Verallia - LatinFinance

The Moreira Salles family office draws up tender offer to acquire French glass packaging manufacturer The post Brazil’s BWGI makes bid for Verallia appeared first on LatinFinance.

braziljournal.com

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BW Investment Management, the Moreira Salles family office, today formalized its intention to make an offer to control Verallia, the French glass packaging manufacturer in which the Brazilian family already holds 28.8% of the capital. The confirmation comes one month after the news leaked of an imminent offer at €30/share, which brought the price of paper to converge to this level. Today the family confirmed this price - assigning a valuation of…

UOL

Folha de S.Paulo

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Folha de S.Paulo

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The group has a share of the shares of Itaú Unibanco and the control of Alpargatas

Globo

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The family is already the main shareholder and has pledged to keep Verallia headquartered and listed in Paris

usinenouvelle.com

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Announced at the beginning of February, the potential public offer to buy Verallia shares by its benchmark shareholder, the Brazilian investment company Gestao de Investimentos (BWGI), passes a course. It will be submitted to the Autorité des marchés financiers (AMF) during the first fortnight [...] Read article