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CVC in Talks to Merge Pasta Business with Sofina-backed Cereal Company

MT Newswires·10/16/2026 09:55:44
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09:55 AM EDT, 10/16/2026 (MT Newswires) -- CVC Capital Partners (CVC.AS) is in discussions to merge its European pasta business Panzani with Portuguese cereal company Cerealis, according to a Friday release. The Amsterdam-listed private markets manager would keep a minority stake in the combined business, which would have an enterprise value of 1.8 billion euros. Cerealis is backed by two families and Belgian investment holding company Sofina (SOF.BR). The proposed transaction is subject to consultation with employee representatives and the receipt of regulatory approvals.