There will be no French pasta champion.
Lustucru (Pastacorp group), owned by the Cohen-Skalli family, would have liked to eat Panzani, a rival four times bigger than him, put up for sale by the Spanish Ebro.
The ace.
The latter decided otherwise.
Monday morning, the owner of Panzani, a leading brand in France (37% of the market) announced that he had
"entered into exclusive negotiations"
with the CVC Capital Partners fund
"for the acquisition of the dry pasta, couscous, sauces and semolina activities of Panzani »,
For 550 million euros, confirming information from Agefi
.
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If the negotiations also concern the Ferrero brand known for its semolina, the fresh pasta division of Lustucru (owned since 2002 by Panzani) and the Winged Bull rice are excluded from this operation.
The price obtained is in the low range of what Ebro Foods expected, which expected 600 million euros.
The Panzani group “will
continue to maintain its headquarters in Lyon, France.
And the assignment would not have
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