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Deoleo shares jump 17% as Spanish group Dcoop bids €470M in takeover battle

Market News
19 Aug 2026
CNBC
View Source
Bullish
pluang ai news

Shares of Spain's Deoleo surged over 17% following reports that Spanish agri-food cooperative Dcoop has offered €470 million ($545 million) to acquire the olive oil giant. This bid leads a competitive takeover involving firms from Italy, France, and Australia. Deoleo, known for brands like Bertolli and Carbonell, is a key player in the global olive oil market, which has faced volatility due to climate and supply challenges. The takeover could reshape ownership in this major sector amid more stable market conditions.

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