Panzani and Cerealis in Exclusive Talks on €1.8 Billion Combination
French pasta maker Panzani and Portugal's Cerealis said they are in exclusive talks to combine their operations, valuing the merged business at about €1.8 billion ($2.03 billion).
French pasta maker Panzani and Portugal’s Cerealis said on Friday that they are in exclusive discussions to combine their operations. The proposed transaction values the merged business at about €1.8 billion ($2.03 billion). The proposal comes amid broader consolidation efforts in Europe’s food sector as manufacturers…