EQS — News: Panzani and Cerealis Join Forces to Create a Major European Food Group

EQS-News: Cerealis and Panzani / Key word(s): Mergers & Acquisitions/Joint Venture Panzani and Cerealis Join Forces to Create a Major European Food Group 16.10.2026 / 15:05 CET/CEST The issuer is solely responsible for the content of this announcement. ═══════════════════════════════════════════════════════════════════════════════════════════════════════════════════════════════════════════ The transaction would bring together two established European food manufacturers generating €1 billion in combined annual revenues, backed by Cerealis' founding families, Sofina and CVC Capital Partners. PORTO, Portugal, Oct. 16, 2026 // — The shareholders of Panzani Group and Cerealis have entered into exclusive negotiations to combine Panzani and Cerealis, with the aim of creating an independent, diversified European food group. Backed by the founding families of Cerealis, Sofina and CVC Capital Partners, the combined group would have an enterprise value of approximately €1.8 billion, generate approximately €1 billion in consolidated annual revenues and employ nearly 1,800 people, establishing a major European food business with a strong foundation for future growth. The proposed group would br