Sale of its productive activity to Sovena, subsidiary of Nutrinveste
Financial advisor to the seller
Category: Food & Beverages
Description: GBS Finance acted as financial advisor to Agribetica S.A., the Spanish olive oil company, in the sale of its productive activity to Sovena, subsidiary of Nutrinveste Portuguese SGPS, for a total consideration of EUR 15m. The deal will involve Nutrinveste making an advance of EUR 3m with an option to acquire the company, from Banco Arabe Espanol (Aresbank) S.A., the Spanish financial services provider to Spanish exporters, selling its 53% stake in Agribetica.