Deoleo S.A.

Deoleo, S.A., together with its subsidiaries, engages in the production, processing, and marketing of oils, and other food and agricultural products in Spain, Italy, Northern Europe, Northern America, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers olive oils; and markets seed oils, table olives, vinegars, and sauces under various brand names, including Azalea, Bertolli, Carapelli, Carbonell, Dolcemio, Elosol, Elosua, Figaro, Friol, Giglio Oro, Happyday, Hojiblanca, Koipe, Koipe Sol, Louit, Lupi, Maya, San Giorgio, Sasso, and Sublime. It is also involved in the purchase, sale, import, export, processing, production, and marketing of rice and other food and agricultural products, as well as marketing of packaged oil. The company was formerly known as SOS Corporacion Alimentaria SA and changed its name to Deoleo, S.A. in June 2011. The company was incorporated in 1955 and is headquartered in Rivas-Vaciamadrid, Spain. Deoleo, S.A. is a subsidiary of CVC Capital Partners PLC.

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Deoleo's top investors review stakes in olive-oil business

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.

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