The Spanish company Deoleo, a global leader in olive oil production, stated that one of the most complex moments in the history of the industry seems to be approaching its end...
Recently, the company announced that it has finalized negotiations with creditors regarding the restructuring of its debt, which amounts to more than 500 million euros. This allows Deoleo to avoid bankruptcy and continue its operations. It is important to note that one of the key aspects of this agreement is an increased level of control over the company by investors, who represent more than 50% of its capital.
"We are very pleased to see the end of this long and complex period for our company," said the chairman of Deoleo. "With this agreement, we achieve the necessary financial stability to move forward and develop our business in the interests of all stakeholders."
