Spanish food giant SOS Arana Alimentacíon has revealed that its acquisition of edible oil maker Koipe will mean a 40% reduction in its debt to €185.7m within three years.
Jesus Salazar, chairman of SOS Arana, told local newspaper Expansíon that the deal, which was announced last October, would enable SOS Arana to take on Koipe’s liquid assets of €150m.
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