Verallia: BWGI Launches Tender Offer for Remaining Shares
Deal News | Mar 12, 2025 | White & Case
Global law firm White & Case LLP is advising Verallia, a leading European glass packaging company, on a proposed public tender offer by BWGI, its reference shareholder. The offer aims to acquire the remaining shares of Verallia at €30 per share, valuing the company at a €3.53 billion market capitalization. BWGI, holding a 29% stake in Verallia since its 2019 IPO, intends to maintain its stock market listing post-offer. The proposed acquisition is subject to regulatory approvals, with the filing expected in April 2025. The transaction showcases White & Case's legal acumen, led by Paris-based partners and associates.
Sectors
- Packaging
- Legal Services
- Financial Services
Geography
- France – Verallia's shares are traded on Euronext Paris, and the tender offer will be filed with the French Financial Markets Authority.
- Europe – Verallia is the European leader in glass packaging, with production facilities across 12 countries.
Industry
- Packaging – Verallia is a major player in the glass packaging industry, providing solutions for beverages and food products.
- Legal Services – White & Case LLP is a global law firm providing advisory services for the tender offer.
- Financial Services – The transaction involves a public tender offer and stock market considerations, aspects integral to the financial sector.
Financials
- €30 – Price per share offered by BWGI for the remaining shares of Verallia.
- 3.53 billion – Market capitalization of Verallia as of March 10, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Verallia | Target Company | Company | European leader and world's third-largest producer of glass packaging for beverages and food products. |
| BWGI | Bidding Company | Company | Current reference shareholder of Verallia with a 29% stake. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising Verallia on the proposed public tender offer. |
| Autorité des marchés financiers (AMF) | Regulatory Authority | Government | French regulatory body where the tender offer will be filed for approval. |
| Thomas Le Vert, Franck de Vita, Boris Kreiss, Alexandre Jaurett, Orion Berg, Paul-Grégoire Longrois, Sébastien Caciano, Tali Cohen-Levy, Cécilia Grosjean, Louis Roussier | Legal Team | People | White & Case LLP legal team based in Paris and Washington, DC, advising on the transaction. |