04 Jun

SOS eyes ‘many’ olive oil companies; admits interest in Unilever’s Bertolli

SOS Cuetara SA is studying the acquisition of ‘many’ olive oil companies and has admitted its interest in international food manufacturer Unilever Plc.’s Italian olive oil brand Bertolli, according to SOS chairman Jesus Salazar.

Speaking to Thomson Financial News on the sidelines of a small-midcaps forum, Salazar said that it is studying ‘many companies’, and that ‘Bertolli is on the market’.

Italian press recently reported that Unilever could sell Bertolli for at least 600 million euros, and suggested SOS and Portugal’s Nutrinvest as possible buyers.

As to SOS’s olive crop this year, Salazar said it is a ‘very good’ season, and expects that it will lead to ‘a stability in prices’ in olive oil.

[Source] Click here

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