{"id":26371,"date":"2021-07-29T12:48:05","date_gmt":"2021-07-29T10:48:05","guid":{"rendered":"https:\/\/www.ebrofoods.es\/?p=26371"},"modified":"2021-07-29T12:48:08","modified_gmt":"2021-07-29T10:48:08","slug":"cvc-capital-partners-viii-and-ebro-enter-into-exclusive-discussions-for-the-acquisition-of-the-panzani-dry-pasta-couscous-sauces-and-semolina-business","status":"publish","type":"post","link":"https:\/\/www.ebrofoods.es\/en\/caring-for-news\/cvc-capital-partners-viii-and-ebro-enter-into-exclusive-discussions-for-the-acquisition-of-the-panzani-dry-pasta-couscous-sauces-and-semolina-business\/","title":{"rendered":"CVC Capital Partners VIII and Ebro enter into exclusive discussions for the acquisition of the Panzani dry pasta, couscous, sauces and semolina business"},"content":{"rendered":"\n<p>CVC Capital Partners VIII and the Ebro Group have entered into exclusive discussions for the acquisition by CVC Capital Partners VIII of Panzani\u00ae dry pasta, couscous, sauces and semolina business.<\/p>\n\n\n\n<p>More specifically, the transaction would include: 1) the Panzani\u00ae, Ferrero\u00ae, Regia\u00ae, Zakia\u00ae and Le Renard\u00ae brands, and 2) all the operating assets (including plants and mills) related to these brands. The business perimeter contemplated in the transaction posted a turnover of \u20ac470 million in 2020 and employs 750 employees. It will remain headquartered in Lyon, France. The divestment would not have any social impact on the employees of the business.<\/p>\n\n\n\n<p>The transaction remains subject to the French workers\u2019 representatives information and consultation, customary regulatory approvals and the approval of General Shareholders Meeting of Ebro Foods, S.A. It is expected that the envisaged transaction would be completed before 31 December 2021.<\/p>\n\n\n\n<p>The transaction has been valued at \u20ac550 million (the value of 100% of the business) and would comprise the sale of 100% of the share capital of Panzani S.A.S. Prior to the envisaged transaction, the fresh pasta and rice businesses, including leading brands Lustucru Selection\u00ae and Taureau Ail\u00e9\u00ae, would be carved-out and therefore remain within the Ebro Group.<\/p>\n\n\n\n<p>This divestment is in line with Ebro\u2019s strategic goals for the period 2019-2021 and would enable Ebro to further concentrate its resources with a view to strengthening and expanding its premium, fresh pasta and convenience businesses, in which it is a global leader.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2021\/07\/Interior_Venta_Panzani.png\" alt=\"Venta_Panzani\" class=\"wp-image-26367\" srcset=\"https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2021\/07\/Interior_Venta_Panzani.png 500w, https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2021\/07\/Interior_Venta_Panzani-300x300.png 300w, https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2021\/07\/Interior_Venta_Panzani-150x150.png 150w, https:\/\/www.ebrofoods.es\/wp-content\/uploads\/2021\/07\/Interior_Venta_Panzani-60x60.png 60w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Continuing with the strategy of concentrating our resources on the premium, fresh and convenience businesses, we have announced the opening of negotiations with CVC Capital Partners VIII for the divestment of Panzani&#8217;s dry pasta, couscous, sauces and semolina business.<\/p>\n","protected":false},"author":1,"featured_media":26369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[44],"tags":[79],"class_list":["post-26371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-caring-for-news","tag-caring-for-news-10-en"],"_links":{"self":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/26371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/comments?post=26371"}],"version-history":[{"count":1,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/26371\/revisions"}],"predecessor-version":[{"id":26372,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/26371\/revisions\/26372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/media\/26369"}],"wp:attachment":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/media?parent=26371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/categories?post=26371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/tags?post=26371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}