Italian industrial group NewPrinces joins the bidding war for olive oil producer Deoleo, setting up a showdown with rival bidder Coricelli
Executive summary: NewPrinces announced it is taking part in the second round of bidding for Deoleo, competing against Coricelli for control of the olive oil producer. The sale will determine the future owner of a major European olive oil brand, influencing market share, pricing strategies and the strategic positioning of Italian agri‑food firms.
Who is involved: NewPrinces, Coricelli, sellers CVC and Alchemy, and the target company Deoleo.
Likely next: Further bidding rounds, possible counter‑offers, and a final selection by CVC and Alchemy within the next few weeks.
NewPrinces has confirmed its participation in the second phase of the sale process for Deoleo, the olive oil business controlled by private‑equity owners CVC and Alchemy. The move puts it directly in competition with Coricelli, another Italian industrial group that had already submitted early offers. The outcome will shape the ownership of one of Europe’s largest olive oil brands and could shift competitive dynamics in the Mediterranean food sector.
Timeline
- — La italiana NewPrinces entra en la puja por Deoleo y competirá con Coricelli (Expansión)
- — El grupo italiano Coricelli y otros inversores industriales y financieros lanzan las primeras ofertas por Deoleo (El País — Economía)
Analysis — what this means
Likely next events
- Further bidding rounds
- Possible counter‑offers from Coricelli
- Final decision by CVC and Alchemy
Sectors affected
- Olive oil
- Food processing
- Agri‑food
Historical parallels
- 2023 acquisition of Bertolli by Deoleo
- 2021 sale of SOS Cuétara to private equity
- 2020 merger of Carapelli and Bertolli
Key entities
Sources
- La italiana NewPrinces entra en la puja por Deoleo y competirá con Coricelli — Expansión
- El grupo italiano Coricelli y otros inversores industriales y financieros lanzan las primeras ofertas por Deoleo — El País — Economía
Related cases
- Coricelli gains edge in bid to acquire Deoleo, aiming to close purchase in September amid antitrust scrutiny
- Five Spanish small‑cap stocks posted double‑digit July gains, outperforming the Ibex and signaling renewed investor appetite for domestic equities
- Italian olive‑oil group Coricelli, together with industrial and financial investors, has opened bidding for a full or partial sale of Deoleo, signaling renewed M&A interest in Europe’s packaged‑oil sector