Competition to acquire Portugal’s leading pasta maker Cerealis is heating up with three companies – Spain’s Ebro Puleva, Grupo Gallo and Italy’s Barilla – all rumoured to be interested in sealing a deal.
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The sale, according to Dow Jones, could raise as much as EUR100m (US$121.12m).
The privately owned company has a revenue of over EUR120m and owns the well-known Milaneza and Nacional brands.
Citing people farmiliar with the situation, Spanish newspaper Expansion reported today (31 March) that negotiations for the sale are at an advanced stage and a deal could be reached in a matter of weeks.
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