Dcoop Leads Takeover Bid for Deoleo, Spain's Largest Olive Oil Bottler
Shares of Deoleo surged over 15% after reports that Spanish agri-food cooperative Dcoop has offered €470 million ($545 million) to acquire the world’s largest olive oil bottler. The bid positions Dcoop ahead in a competitive multinational takeover race involving firms from Italy, France, and Australia. If finalized, the deal would create a new Spanish olive oil giant with an estimated 15% share of national consumption. The acquisition is part of broader industry shifts driven by climate change, water scarcity, and disease affecting production cycles. Despite recent price volatility in the sector, Deoleo has indicated that market conditions are stabilizing. The deal remains pending but is said to be nearing completion with an expected closing date in September.
Topics: agri-food industry olive oil stock price movement takeover race