Verallia owner Saint-Gobain expects to receive five firm offers in second round of sale auction
The listed French group Saint-Gobain is expecting to receive five firm offers in the second round of the auction for its glass packaging business Verallia, French daily Le Figaro reported.
The unsourced report said potential buyers include industrial players Ardagh from Ireland and Portuguese glass packaging company BA Vidro, as well as PE houses CVC, Apollo, and a Bain-Ardian consortium. The report, however, added the PE bidders are viewed as favourites to win the auction.
Saint-Gobain, advised by BNP Paribas and JPMorgan, could select two preferred bidders for the next round of negotiations and finalise the transaction by the end of the month. The report claimed a deal could value Verallia at a little less than EUR 3bn.
The original article appeared in print; Page 29
Source Le Figaro