Bormiolo Rocco attracts interest of Gerresheimer - report (translated)
19 MAR 2017
Gerrersheimer [ETR: GXI], the German glass manufacturer, has expressed interest in the glass and pharmaceutical container manufacturer Bormioli Rocco, Italian-language daily Il Sole 24 Ore reported. The unsourced report claimed that Gerresheimer has already made a preliminary offer.
The report said that private equity firms, as well as other industrial bidders, are also interested.
The item added Italian glass maker Zignago Vetro [BIT:ZV] appears to have withdrawn from the bidding.
The item noted Bormioli's controlling shareholder Vision Capital appointed Rothschild to find a buyer a few months ago.
The report added that Vision is looking to sell Bormioli for EUR 500m-EUR 600m.