Olive Oil Maker Deoleo Gets Bids From Fondo Strategico Italiano

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Spanish olive oil company Deoleo has received bids from Fondo Strategico Italiano, Carlyle Group and private equity firm Rhone Group, the New York Times reported Monday.

According to the report, Spain’s agriculture minister, Miguel Arias Canete, said last week that the government “is following this process very closely” and “we don’t want the company to be cut up into bits.”

Reuters reported Monday that the government is interested in buying a minority stake in Deoleo.

Source nasdaq

Olive Oil Maker Deoleo Gets Bids From Fondo Strategico Italiano, 4.6 out of 10 based on 24 ratings

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