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.
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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.
