MARKET CAPITALISATION €3.196 BILLION
Paris – 4 October 2019 – Euronext today welcomed Verallia, one of the world’s leading producers of glass packaging for beverages and food, to the compartment A of its regulated market in Paris (ticker code : VRLA).
Verallia is the leading European producer of glass packaging for beverages and food, the second largest producer in Latin America and the third largest producer globally. In 2018, Verallia produced nearly 16 billion glass bottles and jars for the still and sparkling wine, spirits, foods, beer and non-alcoholic beverage markets. Verallia differentiates itself from its competitors by its “Glo-Cal” operational model, which is based on the strength of its international network – illustrated by an industrial presence in 11 countries, with 32 glass production sites, 3 decoration plants, 5 technical centres as well as 8 cullet processing centres – combined with the proximity relationships maintained with its customers by nearly 10,000 employees.
Verallia (ticker code: VRLA) was listed on 4 October 2019 through the admission to trading of the 118 393 942 shares making up its capital, including 32 900 819 shares alloted as part of a Global Offering before potential exercise of an over-allotment option.
The offering price was set at 27€ per share. Market capitalisation on the day of listing was €3.196 billion, and the operation gross proceeds amount to €888 million.
This major operation is the 4th most important this year in the Euro zone. The Paris market place had not seen a deal of this scale since ALD in 2017.
At the listing ceremony, Michel Giannuzzi, CEO of Verallia, said: “We are very pleased with the successful completion of Verallia’s initial public offering, which illustrates the strong confidence of investors in our strategy and in the relevance of our positioning on the glass packaging market. This initial public offering bolsters our visibility while providing us with more flexibility to seize future growth opportunities. It constitutes a major milestone in the Group's history, and I would like to extend sincere thanks to our shareholders, old and new, as well as our teams for their contribution to making this deal a great success.”
 The Global Offering was made up of a Public Offering that included an Open Price Offer (OPO) in France and a Global Placement with institutional investors in France and other countries.
Michel Giannuzzi and his team rang the bell this morning to celebrate the IPO of Verallia.
An independent Group, Verallia is the world’s third-largest manufacturer of glass containers for food and beverages, and proposes innovative, customized and environmentally-friendly solutions.
€2.4 billion in revenue, with 16 billion bottles and jars produced in 2018. Around 10,000 employees and 32 glass production facilities in 11 countries. For more information: www.verallia.com