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Business — Politics

Dcoop And Acesur Strike Deal To Acquire World's Largest Olive Oil Company

Under the proposed arrangement, both companies will hold equal 50% stakes, creating a larger Spanish player in the global olive oil market.

,   and  TIPP Staff
2 min read
Pic via X

Shares of Deoleo, the world's largest olive oil company, fell 17.8% on Thursday after Spanish rivals Dcoop and Acesur announced plans to acquire the business.

Under the proposed arrangement, both companies will hold equal 50% stakes, creating a larger Spanish player in the global olive oil market. Dcoop said the deal aims to encourage worldwide consumption and improve value for farmers across the supply chain.

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The announcement follows a takeover contest involving international firms from Italy, France and Australia. Dcoop had reportedly previously offered 470 million euros for Deoleo.

Despite Thursday's decline, Deoleo shares have gained approximately 55% since the start of the year, supported by moderating olive oil prices and stronger US sales.

Spain remains a leading global producer, but the industry has faced supply volatility due to climate conditions, water shortages and crop diseases. Deoleo's CEO said prices were stabilising after the difficult 2022-2024 period.

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