SPAIN: Olive oil group Deoleo receives "indicative" bids

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Spain-based olive oil supplier Deoleo has revealed it has received “indicative” takeover offers for the business.

A spokesperson for Deoleo said “a small group” of suitors had made non-binding bids that were lower than the company’s share price.

She refused to be drawn on the identity of the interested parties and said: “The process is still going on and as soon as there are any news we will communicate it to the [stock-market regulator] CNMV.”

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