France’s leading olive oil producer Lesieur is reportedly poised to acquire French counterpart Puget from Unilever Bestfoods France.
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The firms have confirmed the deal but declined to disclose any financial details, French newspaper La Tribune reports.
French investment bank Natexis Banques Populaires has been appointed nominee company to acquire Puget on Lesieur’s behalf pending approval of the deal by the regulatory authorities, the report added.
With its base at Vitrolles, near Marseilles, Puget has an annual turnover of around €80m (US$97.9m).
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