Dcoop leads €470M takeover bid for olive oil giant Deoleo
Spanish agri-food cooperative Dcoop has emerged as the frontrunner in a competitive takeover battle for Deoleo, the world’s largest olive oil bottler, with a €470 million ($545 million) bid. Deoleo’s stock surged over 17-20% as investors reacted to the intensifying contest, which also involves Italian, French, and Australian firms. The deal would combine two major Spanish olive oil operations, capturing about 15% of domestic consumption. Deoleo’s largest shareholders are reviewing strategic alternatives, including a possible sale.
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Deoleo shareholders reviewing interest in olive-oil business
Deoleo, the world's largest olive-oil producer, announced that its two largest investors—Ole Investments (CVC Capital Partners) and funds managed by Alchemy Partners—are reviewing strategic alternatives for their shareholdings, including a possible sale of all or part of the company's assets. The filing follows media reports that Spanish olive-oil cooperative Dcoop is leading a bid to acquire CVC's stake for €470 million. Other potential interested parties include Coricelli, New Princes Group, Avril, and Australia's Cobram Estate Olives, though Cobram denied involvement. Deoleo cautioned that no definitive decision has been made. The company reported an 8.7% sales decline in the first half of 2026 to €393.2 million, though net profit surged to €19.4 million.
Deoleo shareholders reviewing interest in olive-oil business
Deoleo, the world's largest olive-oil producer, announced that its two largest investors—Ole Investments (a CVC Capital Partners entity holding 50.996%) and Alchemy Partners' ASO funds (holding 12.307% and 28.684%)—are reviewing strategic alternatives for their investment, including a possible sale of all or part of the company's assets and businesses. Spanish media reports indicate olive-oil peer Dcoop is leading a bid to acquire CVC's stake for €470 million, with other interested parties including Coricelli, New Princes Group, Avril, and Cobram Estate Olives. This follows a previous attempt by CVC to sell its stake in 2023 that was withdrawn due to waning buyer interest. Deoleo stated no definitive decision has been made and the process may not result in a transaction.
Deoleo stock surges as Dcoop leads €470 million takeover bid
Deoleo, the Spanish olive oil company behind brands like Bertolli and Carbonell, saw its stock surge over 20% on Wednesday after Spanish agri-food cooperative Dcoop emerged as the frontrunner in a competitive takeover process with a €470 million ($545 million) bid. Although no final agreement has been reached, the process is nearing conclusion, with a deal expected as early as September, according to reports citing Spanish newspaper El Economista. Dcoop is leading competing offers from Italian companies Coricelli, Bonifiche Ferraresi, and Newlat Food, French firm Lesieur (owned by Avril), and Australia's Cobram Estate Olive. A deal would combine two major Spanish olive oil operations, capturing around 15% of domestic consumption. Deoleo's share price reached its highest in a year, heading for its strongest daily gain since March 2022. The olive oil sector has faced price volatility due to climate change, water scarcity, and disease, but Deoleo noted more stable conditions recently.
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Deoleo stock surges as Dcoop leads €470 million takeover bid
Shares of Spanish olive oil company Deoleo surged over 20% on Wednesday after agri-food cooperative Dcoop emerged as the frontrunner in a competitive takeover process, tabling a €470 million ($545 million) bid. The deal, which is nearing conclusion and expected to close as early as September, would combine two major Spanish olive oil operations, capturing around 15% of domestic consumption and holding an extensive brand portfolio including Bertolli and Carbonell. Dcoop is leading competing offers from Italian firms Coricelli, Bonifiche Ferraresi, and Newlat Food, French firm Lesieur (owned by Avril), and Australia's Cobram Estate Olive. Deoleo reached its highest share price in a year and was headed for its strongest daily gain since March 2022. The olive oil sector has faced dramatic price swings due to climate change, water scarcity, and disease, but Deoleo noted that market conditions have recently stabilized.
World's largest olive oil company Deoleo surges 17% as Dcoop leads takeover battle
Shares of Spain's Deoleo, the world's largest olive oil bottler and marketer, jumped over 17% on Wednesday amid an intensifying takeover battle. Reports indicate that Spanish agri-food cooperative group Dcoop has offered 470 million euros ($545 million) for Deoleo, taking the lead in a contest that also involves Italian, French, and Australian firms. Deoleo has not yet commented on the bid. The stock move reflects heightened investor interest as rival suitors circle the company.