ITALY/SPAIN: State bank FSI silent on "bid for Deoleo stake"
Private-equity firms have also been linked with investment in Deoleo
The Fondo Strategico Italiano, the Italian state investment bank, has refused to comment on reports it has made an offer to buy a 30% stake in Spanish olive oil manufacturer Deoleo.
Reuters reported the FSI had confirmed the bid for the stake in Deoleo, which owns brands including Italian olive oil Carapelli.
However, speaking to just-food, a spokesperson for the FSI said he had "no comment" on the matter, insisting the fund had made "no official comment to Reuters".
The stake is said to have been put up for sale by Spanish banks including Bankia and Caixabank.
However, reacting to the Reuters report, a spokesperson for Deoleo refused to disclose whether FSI was a bidder, adding it is "a confidential process and we cannot give any details".
A spokesperson for Bankia told just-food the bank was looking at selling "non-strategic" assets but refused to comment further.
"Bankia have intention to sell all assets not considered strategic," the spokesperson said, adding the company's policy was "not talk about them until they are closed".
No one from Caixabank was available to comment.
Private-equity firms Carlyle Group, CVC Capital Partners and PAI Partners have been linked to making bids for a majority stake in the firm.
- Interview: Mondelez eyes sweet success in China
- The benefits of engaging staff in sustainability
- How food companies involve staff in sustainability
- Why Danone is withdrawing Dumex from Vietnam
- Why May's Brexit comments give reason for optimism
- 2 Sisters chief Boparan buys Bernard Matthews
- Fonterra says value-added strategy paying off
- B&G Foods acquires ABF's US spice business
- General Mills profit falls as sales disappoint
- Ahold Delhaize resolves Kraft Heinz delisting spat
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Global Foodservice Market 2016-2020
- Global Food and Drinks Closures: Performance and Opportunities
- Fast Food Restaurants in the US - Industry Market Research Report