date:Oct 20, 2014
American agribusiness company Cargill has agreed to divest 50% stake in Spanish olive oil business Mercaleo to its joint venture partner Dcoop.
The financial terms of the transaction have not been disclosed.
Established in 2007, Mercaleo is a 50:50 joint venture between Cargill and Dcoop. It includes the olive oil bottling plant at Antequera, near Malaga that provides private label bottling products.
Cargill will however continue to exclusively distribute bottled private label olive oil for s