CVC nears Deoleo deal

The company is understood to have attracted the interest of several international private equity buyers at auction.

Deoleo, which owns the Bertolli brand, was put up for sale by Spanish banks in July last year. JP Morgan is running the sale process, which will see banks including Caixabank and Bankia offload their stakes.

According to the Spanish press, the government has expressed an interest in taking a stake in the asset in order to avoid its break-up.

CVC could not be reached for comment.

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• Topics
• Southern Europe
• Buyouts
• Consumer
• Spain
• CVC Capital Partners