Brazil’s Moreira Salles Family Weighs Bid For Verallia (2)

Brazil’s billionaire Moreira Salles family said it’s exploring a potential offer for Verallia SA that would value the French packaging company at about €3.6 billion ($3.7 billion).

The family, which is the biggest Verallia shareholder, is considering a bid of €30 a share for the stock in Verallia that it doesn’t already own, its investment manager said in a statement Monday. Bloomberg News reported Friday that the family was considering a bid.

The family only seeks to gain control of the company without taking it private and Verallia would remain listed in Paris, according to the statement.

Glass bottle production at a Verallia plant in Chateaubernard, France.

Photographer: Christophe Archambault/AFP/Getty Images

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