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Deoleo olive oil takeover battle

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FIRST ENTRY AUG 19
AUG 19 · Day 1

World's largest olive oil company surges amid takeover battle

Shares of Spain's Deoleo rose more than 20% on Wednesday amid a takeover battle

Other bidders reported in the takeover race include Italian companies Coricelli, Bonifiche Ferraresi and Newlat Food, French firm Lesieur (Avril), and Australia's Cobram Estate Olive

Spain's El Economista reported, citing unnamed sources, that the sale is not finalized but is in its final phase, with a closing initially expected in September

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