date:Apr 10, 2014
oducer of olive oil, with the growing industry a major employer in the country's impoverished south. The government has said that while it will not block foreign takeovers, it does not want to see the company broken up.
Deoleo said on Wednesday private equity firm CVC had made the highest offer for the company. CVC planned to maintain Deoleo's brands and keep the company intact, a source close to the deal said.
CVC bid 0.38 euro per share, below its current market price of 0.43 euro, valuing t