Announced by the commission on Tuesday 7 December, Panzani was acquired from the Spanish group Ebro and now belongs to the Luxembourg private equity fund CVC Capital Partners.

Ebro in a  had already announced the launch of negotiations for the acquisition of the dry pasta, couscous, sauces and semolina activities. This includes the Panzani, Ferrero, Regia, Zakia and Le Renard brands and all related operating assets (including factories and mills). While the fresh pasta and rice businesses (Lustucru selection, Taureau ailé) were removed prior to the deal, so that CVC Capital Partners could acquire 100% of the capital of Panzani SAS. The company already manages around €102bn in assets under management.

The acquired Panzani business generated net sales of €470m in 2020. The deal will keep the company’s headquarters in Lyon, France, and will have no “social impact” on its 750 employees.

On its website, the European Commission explains that it has concluded that “the proposed acquisition would not raise any competition concerns, as there are no horizontal overlaps or vertical relationships between the commercial activities of Panzani and CVC within the European Economic Area.”

When contacted, the Ebro group confirmed to Delano’s sister publication Paperjam that the terms of the contract and the amount of the transaction announced in July remained the same.

This story was first published in French on . It has been translated and edited for Delano.