date:Jul 27, 2021
Ebro Group has entered into exclusive discussions with CVC Capital Partners to acquire its Panzani dry pasta, couscous, sauces and semolina business. The deal is expected to close before the end of the year.
The transaction would include the Panzani, Ferrero, Regia, Zakia and Le Renard brands and all the operating assets, including plants and mills, related to these brands.
The deal is valued at 550 million (US$647 million) and would comprise the sale of 100 percent of Panzanis share capital.