Ebro Share Price Affirms Strategy; SOS Investors Not Yet Convinced By Restructuring

Spain's largest food group, Ebro Puleva, has announced it is to buy the rice division of fellow Spanish firm SOS Corporacion Alimentaria for EUR195mn (US$161mn). The deal has long been anticipated, with SOS looking to pay down its significant debts and Ebro keen to expand its fast-growing rice unit. The sale will leave SOS in a stronger financial position but has done little to ignite the appetite of investors, with the firm's share price continuing to trend lower in recent days. In contrast Ebro's recent spate of acquisitions and divestitures has been well received, with its share price in a

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