Migasa and Coricelli Family Submit Joint Offer for Deoleo

Spanish olive oil producer Migasa and the Italian Coricelli family have submitted a joint offer for Deoleo through Seville-based Farmers Elite Global. The bid, filed before the deadline, is estimated at €510 million to €530 million. The offer follows reported interest in Deoleo, with industry stakeholders stressing the importance of keeping its operations and brands in Spain.