Billionaire Brazilians Weigh Buyout of France’s Verallia
- The family is Verallia’s biggest shareholder with 28% stake
- An offer for Verallia is likely to provide significant premium
Workers inspect molten glass bottles on a conveyer belt in the glass factory owned by Verallia in Albi, France.
Photographer: Remy Gabalda/AFP/Getty ImagesThis article is for subscribers only.
Brazil’s billionaire Moreira Salles family is exploring a potential take-private bid for Verallia SA following a prolonged decline in the French packaging company’s shares, people familiar with the matter said.
BWSA, which is the family office for the Moreira Salles and the biggest Verallia shareholder with 28%, is preparing an offer to acquire shares it doesn’t already own, the people said. BWSA has been speaking to banks for financing to back a potential buyout offer in the coming weeks, the people said. An offer could include a significant premium to Verallia’s current stock price, one of the people said.