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DEOLEO S.A. ( (ES:OLE) ) has shared an update.
Deoleo S.A. announced that its Board of Directors has approved a Fund Contribution Commitment from its majority shareholder, Ole Investments, B.V., amounting to up to 45,390,000 euros. This commitment is intended to address financial obligations related to an Italian tax contingency involving its subsidiary, Carapelli Firenze, S.p.A. The agreement includes a remuneration of 6.5% per annum for Ole Investments, B.V. This strategic financial move is expected to stabilize Deoleo’s financial standing and support its operations, potentially impacting its market positioning positively.
More about DEOLEO S.A.
Deoleo S.A. is a company operating in the food industry, primarily focusing on the production and distribution of olive oil. It is listed on the stock exchanges of Madrid, Bilbao, Valencia, and Barcelona, with a market focus on providing high-quality olive oil products.
YTD Price Performance: 1.58%
Average Trading Volume: 1,550
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €96M
For a thorough assessment of OLE stock, go to TipRanks’ Stock Analysis page.