Spanish food group SOS has confirmed today (9 May) that it plans to change its name following the sale of its rice division to Ebro Foods.
A spokesperson told just-food today that the company will look to get shareholder approval to change the name to Deoleo at its general meeting on 9 June.
Go deeper with GlobalData
She said that following the sale of rice brand SOS, it wants to change its name in order to focus on its olive oil business. The deal is set to complete following competition commission approval which is expected in the next “few weeks”.
The company is set to receive a EUR20m capital gain from the sale of its rice division to Ebro Foods. The two companies agreed the sale for EUR205m on 1 April.
The sale is set to be ratified by SOS shareholders at the company’s general meeting.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
