Spanish food group SOS Cuetara has confirmed plans to delay the listing of 49% its Italian business.
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SOS, which predominantly produces olive oil and rice, wants to wait until its Italian unit doubles its revenues to EUR1bn (US$1.3bn).
The company’s Italian businesses include olive oil company Friol Italia, and the Carapelli and Sasso brands.
Last week, SOS Jesus Salazar said the company was eyeing targets in the US. Salazar said the company was looking at acquiring a rice or olive oil manufacturer in the US, which the company has identified as its main expansion market.
