Deliver Your News to the World

Verallia lists on Euronext

Market Capitalisation €3.196 Billion

Paris, France – WEBWIRE
Michel Giannuzzi and his team rang the bell this morning to celebrate the IPO of Verallia.
Michel Giannuzzi and his team rang the bell this morning to celebrate the IPO of Verallia.

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[1] 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.” 

[1] 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.

About 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:

About Euronext Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019. With 1,300 listed issuers worth €3.5 trillion in market capitalisation as of end March 2019, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs.

Disclaimer This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.