PAI Partners gives exclusivity to Ebro Puleva for Panzani exit

PAI Partners has announced that it wishes to grant exclusivity to Spanish food processor Ebro Puleva, for the realisation of its majority equity stake in Panzani. According to press reports, PAI Partners has received a firm offer from Ebro Puleva to acquire the company's entire shareholdings. Ebro Puleva has placed an offer to purchase Panzani for E337m, involving a debt package of E302m.

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