SOS Cuetara to sell italian Dante olive oil brand

by S. C.

Spanish food group SOS Cuetara has agreed to sell its olive oil brand Dante and the other brands of its Minerva Oli unit to Italian sector player Mataluni for some euro 34 million.

The transaction, scheduled for completion in July, is in line with SOS Cuetara's disinvestment programme.

Dante has annual sales of some 10 million litres and holds a 15% share on the Italian olive oil market.

by S. C.
05 April 2009 Teatro Naturale International n. 2 Year 1

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