date:Mar 13, 2014
Shares in Spain's struggling olive oil giant Deoleo surged over the past week amid reports that an Italian investment bank made a bid to buy a 30% stake in the Bertolli manufacturer.
Deoleo's share price rose by as much as 8% after Reuters reported that Italy's state-backed Fondo Strategico Italiano had made a bid.
We filed an offer for it (Deoleo) ... it controls Italian brands that are interesting for us, a spokesman for the Italian fund told Reuters on Thursday.
A spokesperson for Deoleo