(BFM Stock Exchange) – The title Verallia jumped in one go this Friday, January 31 at the end of the afternoon after Bloomberg reported that the Moreira Salles family, already a shareholder up to 28.84% of the group, was considering Get out the specialist in glass packaging on the side.
End of the agitated session for Verallia, this Friday, January 31. The manufacturer of bottles and glass packaging saw its action take off in a draft around 4:30 p.m. While it was stable, the title took up to 20% in the space of a few minutes. The title ultimately won 11.1% at the end of Paris.
This increase movement followed information from Bloomberg reporting that the Moreira Salles family, a rich Brazilian family, planned to get the French company out of the side, and therefore launch a public purchasing offer (OPA).
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The Moreira Salles family is one of the oldest Brazilian families present in finance. It notably co-controls the large bank ITAU Unibanco. Pedro Moreira Salles, one of the members of this family and the president of this bank, has a heritage of $ 6.1 billion, according to Forbes.
The Moreira Salles family already has 28.84% of the capital of Verallia via the company Brasil Warrant Administration of Bens e Empresas SA (Bwsa). According to people close to the file cited by Bloomberg, Bwsa is preparing to acquire the actions it does not yet have and therefore to take an OPA.
Drop in action over one year
Such an operation would be synonymous with premium (generally 30% to 50% compared to the last price side) for minority shareholders. Hence the increase in the title.
Bwsa spoke with banks to finance a potential OPA, according to Bloomberg. The agency stresses that deliberations are still underway and that Bwsa could still give up launching an offer.
A transaction would probably require the approval of the French State, present indirectly via Bpifrance, which has 7.61% in the capital of Verallia.
Contacted by News Bulletin 247, Verallia did not comment on this information. BWSA representatives interviewed by Bloomberg also did not comment.
Despite the increase in this Friday, the Verallia action is still down 19% over a year.
The company has seen its revenues fall by 8.7% over the first nine months of 2024 in comparable data. The group has suffered from a request that has struggled to set out again in some of its final markets, including spirits and non -alcoholic drinks.
Note that the Moreira Salles family also has 6.8% of the French industrial laundry group Elis.
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