Funds CVC and Alchemy set a deadline for the sale of Deoleo
The shareholders of the olive oil company, which controls brands such as Carbonell or Bertolli, are looking to sign the sale and purchase agreement within a period of around one month.
CVC and Alchemy, the private equity firms that own Deoleo, have set a deadline of October 26 for three industrial groups interested in acquiring the company to submit binding offers. Deoleo, which controls brands such as Carbonell and Bertolli, aims to finalize a sale agreement within a month. The Italian family business Coricelli is considered the favorite after making a proposal of 500 million euros last summer, while Spanish company Acesur and cooperative Dcoop have also made offers of around 500 million and 470 million euros, respectively.
Coricelli has promised to maintain Deoleo's headquarters, jobs, and plants if its bid is successful.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
