Deoleo shareholders ask regulator to halt CVC's bid #
A group of investment funds that are shareholders of Deoleo [BME:OLE] has asked the Spanish market regulator CNMV to halt CVC Capital Partners' bid for the Spanish olive oil group, El Economista reported without citing sources.
The funds hold a 3.7% stake in the company, the report said. They said CVC cannot launch a voluntary offer because it already controls the company.
CVC has declared a 29.9% stake in Deoleo, below the 30% takeover threshold, the Spanish-language report noted. It has made a voluntary offer at EUR 0.38 per share of the company. The CNMV considers that the offer is not 'fair'.
CVC Capital Partners declined to comment on the matter, the report said.
Source El Economista