Panzani and Cerealis in merger talks to form €1.8bn food group

French pasta maker Panzani and Portuguese food firm Cerealis are reportedly in merger discussions, which would create a group valued at €1.8 billion with €1 billion in annual turnover. The deal, if completed, would consolidate European pasta and cereal markets and give CVC Capital Partners a larger footprint in Southern Europe. Details remain unconfirmed, and regulatory approval is uncertain.