Eurotrack

Mergers

Report: Cerealis in exclusive talks to buy Panzani

· Food (pasta, flour, sauces)

Location
Lisbon · 🇵🇹 Portugal / France
Sector
Food
Organisations
Cerealis (Milaneza, Nacional) ↔ Panzani (Verkäufer: CVC Capital Partners)
Transaction
Acquisition
Volume
not disclosed
Status
announced

Portuguese food group Cerealis (Milaneza, Nacional) is in exclusive talks with investor CVC to buy French pasta maker Panzani, according to ECO. The purchase price is not known; the combined group would have revenue of about €1bn (Panzani €620m, Cerealis €400m), 1,800 employees and an enterprise value of about €1.8bn, led by Pedro Moreira da Silva. Single-source report; no signed agreement (ECO, 16.10.2026).

Source: eco.sapo.pt ↗ · Archived copy ↗

Evidence: one source · based on reports (not independently confirmed) · archived copy saved · How well sourced is Eurotrack?

✉ Report an error

More from: 🇵🇹 Portugal · 🇫🇷 France

Open in the tracker →