date:Apr 15, 2014
The board of Spanish olive oil bottler Deoleo has agreed to takeover offer made by UK private investor CVC Capital Partners.
CVC would initially buy 29.99% stake from Spanish banks, valuing the company at 438.8m.
As part of the proposed deal, Deoleo is expected to issue new shares to CVC, a move which would strengthen the former's finances.
The UK-based firm has agreed to make a takeover offer for the remaining shares of Deoleo at 0.38, when the first part of transaction is complete.
The dec