Business · Companies · 4 hrs ago
Acesur and Dcoop chosen to buy Deoleo in deal valued at about €500 million
Acesur and Dcoop were chosen to buy Deoleo, the Spanish olive oil company, after a sale process led by its main shareholders, CVC and Alchemy.
Deoleo owns brands including Carbonell and Bertolli and sells its products in 68 countries.
The competing bid came from Italy’s Coricelli and Spain’s Migasa, and both offers valued Deoleo at about €500 million.
Acesur and Dcoop’s offer was seen by the sellers as more likely to close and would keep the company under Spanish control, an issue that had concerned the government.
Deoleo reported €19.7 million in profit in 2025 after two years of losses, and its net debt stood at €86 million.
Final terms are expected to be negotiated in the coming days.
Acesur and Dcoop have been chosen to buy Deoleo in a deal that values the company at about €500 million.
Deoleo’s board selected their offer over a competing bid from Italy’s Coricelli and Spain’s Migasa.
The sellers, investment funds CVC and Alchemy, favoured the Spanish consortium’s offer because it offered more certainty of completion.
The sale terms are expected to be negotiated in the coming days.
Deoleo owns brands including Carbonell and Bertolli and sells its products in 68 countries.
- Who
- Spanish olive oil companies Acesur and Dcoop were chosen to buy Deoleo. Its main shareholders are CVC and Alchemy.
- What
- They won the sale process for Deoleo in a deal valued at about €500 million.
- When
- The board chose their offer on the evening of November 4, 2026. Final terms are expected to be negotiated in the coming days.
- Where
- Deoleo is a Spanish olive oil company. The sale process’s location is not stated.
- Why
- The offer was considered more likely to close and avoided the loss of Spanish control of a company viewed as strategic for the country’s agricultural sector.
Acesur and Dcoop
Coricelli and Migasa
Offer
Acesur and Dcoop
Their offer was selected by Deoleo’s board and was described as offering more certainty of completion.
Coricelli and Migasa
Their competing offer was not selected.
Ownership
Acesur and Dcoop
Their offer was 100% Spanish, addressing concern about the loss of Spanish control.
Coricelli and Migasa
The article does not state the proposed ownership structure of their offer.
CVC bought a 30% stake in Deoleo from Bankia and Banco Mare Nostrum.
Deoleo underwent a restructuring, in which Alchemy became involved.
Deoleo agreed a refinancing with BlackRock and JPMorgan.
Deoleo’s board selected the Acesur and Dcoop offer over the competing bid.
The parties are expected to negotiate the final terms of the transaction.
- Deal value
- About €500 million
- Chosen bidders
- Acesur and Dcoop
- Competing bidders
- Coricelli and Migasa
- Deoleo brands
- Carbonell and Bertolli
- Markets served
- 68 countries
- Employees
- 600