Deoleo S.A.Investors reviewing stakes, possible sale of assets; outcome uncertain.
Deoleo's two biggest investors are reviewing their shareholdings in the world's largest olive-oil producer. In a stock-exchange filing, CEO Cristóbal Valdés Guinea said Ole Investments and the funds ASO Lux 3 and ASO Lux 4 are analysing potential strategic alternatives, including the possible sale of all or part of Deoleo's assets and businesses. Ole Investments, a Dutch holding company of CVC Capital Partners, owns 50.996% of Deoleo, while the two Luxembourg-registered ASO funds operated by UK-based Alchemy Partners hold 12.307% and 28.684% respectively. Spanish publication El Economista reported that olive-oil peer Dcoop is leading the charge to acquire CVC Capital's stake for €470m ($549.4m), and that Coricelli, New Princes Group, Avril, and Cobram Estate Olives are also interested parties. Deoleo said no definitive decision has been made and it is unaware whether the process will result in a specific transaction.
Deoleo S.A.Investors reviewing stakes, possible sale of assets; outcome uncertain.
CVC Capital Partners PLCCVC's stake in Deoleo may be sold; potential exit but terms unclear.
Alchemy funds reviewing stakes; potential sale of assets.
Reported to lead acquisition of CVC's stake; potential expansion.
Mentioned as interested party in acquiring CVC's stake; impact depends on deal.