Deals

Brazil’s Moreira Salles Family May Bid For France’s Verallia

BWSA weighs €30-a-share offer for stock it doesn’t already own
Family says plan is for Verallia to remain Paris-listed

Glass bottle production at a Verallia plant in Chateaubernard, France.Photographer: Christophe Archambault/AFP/Getty Images

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By Angelina Rascouet, Vinicy Chan, and Aaron Kirchfeld

February 3, 2025 at 6:53 AM UTC

Updated on

February 3, 2025 at 8:12 AM UTC

This article is for subscribers only.

Brazil’s billionaire Moreira Salles family said it’s exploring a potential offer for Verallia SA that would value the French packaging company at about €3.6 billion ($3.7 billion).

The family, which is the biggest Verallia shareholder, is considering a bid of €30 a share for the stock in Verallia that it doesn’t already own, its investment manager said in a statement Monday. Bloomberg News reported Friday that the family was considering a bid.