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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 11 sources · 21 days · First seen · Last updated

Deoleo acquisition competition

Overview

The potential sale of Deoleo, a major olive oil manufacturer owning brands such as Carbonell and Bertolli, has entered a competitive phase. Italian multinational Coricelli increased its takeover bid to 500 million euros, seeking exclusivity in negotiations. This offer surpassed previous bids from Spanish entities Dcoop and Acesur, valued at 470 million and 460 million euros respectively.

The acquisition process, prompted by major shareholders CVC and Alchemy seeking strategic alternatives, has triggered discussions regarding Spanish economic sovereignty and the control of strategic food assets. While the Andalusian cooperative Dcoop has expressed a desire to defend the company’s Spanish identity against foreign acquisition, the Spanish Minister of Agriculture, Fisheries and Food, Luis Planas, stated that the government is monitoring the situation but will not interfere in the private sector operation. Planas noted a preference for a Spanish entity to acquire the firm to strengthen the nation’s international presence in the olive oil market.

Entities

Coricelli · Acesur · Deoleo · Dcoop · Luis Planas

Timeline

  1. about 7 hours ago

    [BUSINESS] 4 sources
    Deoleo sale sparks debate over Spanish olive oil sovereignty

    The potential sale of olive oil giant Deoleo has triggered competition between Italian firm Coricelli and Spanish entities like Dcoop, amid calls to protect Spain's strategic agricultural assets.

  2. 21 days ago

    [BUSINESS] 8 sources
    Coricelli raises Deoleo takeover bid to 500 million euros

    Coricelli has raised its bid for Deoleo to 500 million euros, outbidding Spanish competitors Dcoop and Acesur while requesting negotiation exclusivity.

Sources

cronicadecantabria.com · eldiario.es · elindependiente.com · elplural.com · katarina-stoltz.com · lacronicadebadajoz.elperiodicoextremadura.com · laopinioncoruna.es · larazon.es · marcelrizzo.blogosfera.uol.com.br · merca2.es · revistacampo.es