CVC hires Lazard to seek partner for Bertolli olive oil maker, Cinco Dias reports

Deoleo SA

26/05/2023 08:03

MADRID, May 26 (Reuters) - Private equity firm CVC has
hired investment bank Lazard to seek a partner to invest into
Spain-based Deoleo  OLEO.MC , the producer of Bertolli and other
brands of olive oil, Cinco Dias reported on Friday, citing
unidentified financial sources.
    The fund would ultimately divest from the olive oil maker,
the newspaper reported.
    CVC currently owns about 57% of Deoleo, according to data
from Refinitiv.
    CVC and Lazard declined to comment and Deoleo was not
immediately available for comment. 
    Spain is the world's leading olive oil producer and a severe
drought has damaged crops and led to a dramatic price increase 
in recent weeks.  

 (Reporting by Inti Landauro and Andres Gonzalez; Editing by
Sharon Singleton)
 ((Inti.Landauro@thomsonreuters.com;))