The Brazilian Moreira Salles family has announced a full takeover bid for all remaining shares of French glass packaging company Verallia (VRLA) that it does not already own. The offer, disclosed on Monday, is set at €30 ($32.51) per share, marking a significant move in the European packaging sector.
Moreira Salles Expands Its Holdings in Verallia
The bid is being executed through BW Gestao de Investimentos (BWGI), a subsidiary of the family’s holding company, Brasil Warrant Administracao de Bens e Empresas (BWSA). BWGI anticipates that the initial offer period will conclude towards the end of the first half of 2025.
The Moreira Salles family, one of Brazil’s most influential business dynasties, has been strategically increasing its stake in Verallia, a leading global producer of glass containers. The takeover bid is expected to consolidate its control and influence over the French firm, which supplies glass packaging solutions to major food and beverage brands worldwide.
Market Implications and Investor Reactions
The €30 per share offer values Verallia at a premium, indicating strong confidence in the company’s long-term prospects. Investors and analysts will closely monitor developments as the transaction progresses, particularly regarding regulatory approvals and shareholder responses.
At the current exchange rate ($1 = 0.9228 euros), the deal underscores growing cross-border investment trends and heightened interest in sustainable packaging solutions, an industry where Verallia has a strong market position.
