Dcoop bids €470 million to acquire olive oil giant Deoleo

The Spanish agricultural cooperative Dcoop has reportedly submitted a €470 million bid to acquire Deoleo, the world’s largest olive oil bottling and marketing group. The offer targets the 57% stake currently held by the British private equity firm CVC Capital Partners.

Following news of the potential takeover, Deoleo’s shares surged significantly on the Spanish stock market, with some reports indicating gains of over 20%. Deoleo has confirmed to the National Securities Market Commission (CNMV) that its major shareholders, Alchemy Partners and CVC Capital Partners, are exploring “strategic alternatives,” which may include the sale of all or part of the company’s assets.

Dcoop is currently leading a competitive bidding process that includes interest from Italian, French, and Australian firms. If the deal is finalized, potentially by September under the coordination of KPMG, it would create a major industry player and consolidate Spanish leadership in the strategic olive oil sector. The acquisition would bring iconic brands such as Bertolli, Carbonell, and Hojiblanca under Dcoop’s umbrella.