03 Apr

SOS Cuetara to sell Dante Olive Oil and Minerva Oli to Mataluni

dante-olive-oil-bottleSpanish food group SOS Cuetara has agreed to sell its olive oil brand Dante and the other brands of its Minerva Oli unit to Italian sector player Mataluni for some EUR34m (US$45.6m)

The transaction, scheduled for completion in July, is in line with SOS Cuetara’s disinvestment programme.

Dante has annual sales of some 10 million liters and holds a 15% share on the Italian olive oil market.

[Source] Click here

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