Investment group bids for Verallia

Published 4th February, 2025 by Jess Mills

A Brazilian investment group has bid to take control of glass packaging group Verallia.

BW Gestão de Investimentos (BWGI) is examining a potential public tender offer for glass packager Verallia.

BWGI is currently reviewing the possibility of launching a voluntary tender offer for the shares of Verallia that it does not already hold, without delisting the company.

Through this transaction, BWGI would offer liquidity to the Verallia shareholders and seek to acquire control of Verallia with no intention of a freeze-out.

Verallia would remain a listed company headquartered in Paris.

BWGI, controlled by the Brazilian Moreira Salles family, currently holds approximately 28.8% of Verallia’s share capital and around 27.9% of its voting rights.

Verallia said its board would meet shortly to examine the offer.

BWGI said it would carry out confirmatory work after Verallia’s 2024 earnings scheduled for 19 February 2025.

Jess Mills

Glass International Deputy Editor

Jess is the Deputy Editor of Glass International magazine. She has been training in creative and professional writing since 2017, earning her degree in 2020. Prior to joining Quartz Business Media, Jess worked as a freelance writer for a variety of companies and publications.