Deoleo surges on media report of sale plans by majority shareholder

Deoleo SA

06/10/2023 10:11

** Shares of Spanish olive oil producer Deoleo  OLEO.MC 
soar 17% after local media reported its majority shareholder,
British private equity firm CVC, offered to sell the co to
Iffco, a food giant from the United Arab Emirates
    ** According to El Economista, the deal may amount to 400
million euros ($422 million)
    ** Deoleo declined to comment 
    ** The shares are on track for a best day since March 7,
2022, when it closed 23.7% higher
    ** The stock is on top of Madrid General Index  .SMSI 

($1 = 0.9479 euros)

 (Reporting by Joanna Jonczyk-Gwizdala)
 ((joanna.jonczyk@tr.com))