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Oil slick

9 April 2014 By Fiona Maharg-Bravo

Madrid may buy part of Deoleo, the world’s top olive oil bottler, to keep it Spanish. That’s a bad idea. Bertolli extra virgin oil is hardly strategic. And this may repel CVC, which has bid 439 mln euros for the debt-laden firm. A real turnaround needs experienced investors.

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