Unilever sells Bertolli olive oil business

CONSUMER goods giant Unilever has completed the sale of its Bertolli olive oil business to Grupo SOS, Spain's largest listed food company, for €630 million. The transaction is structured as a worldwide, perpetual license of the Bertolli brand for olive oil, premium vinegar and olives. It includes related assets, such as a factory in Inveruno, Italy, as well as the sale of the Dante, Maya and San Giorgio olive oil and seed oil businesses. Unilever will retain the Bertolli brand for all other categories including margarine, pasta sauces and frozen meals. The Bertolli brand remains a priority for Unilever with strong growth plans for the future in Mediterranean food products.Nike Ambassador 11