CVC Capital completed the acquisition of the Panzani business of Ebro for $647m.

CVC Capital completed the acquisition of the Panzani business of Ebro, a company in the Spanish food processing sector, for $647m. This divestment is in line with Ebro’s strategic goals for the period 2019-2021 and would enable Ebro to further concentrate its resources with a view to strengthening and expanding its premium, fresh pasta and convenience businesses.