UPDATE 1-Spain’s SOS talking to Bunge over stake sale

* Talks cover Bunge’s possible participation in capital hike

* Talks have not covered possible Bunge bid for SOS shares

* SOS shares up 10 pct in flat market

(Updates with background, details of SOS statement, shares)

MADRID, Oct 27 (BestGrowthStock) – Spanish olive oil producer SOS
(SOS.MC: ) said on Wednesday it is in talks with U.S. group Bunge
Ltd (BG.N: ) over a possible stake sale via its planned 200
million euros ($279.1 million) capital hike.

SOS Corporacion Alimentaria SA said it had not discussed a
possible offer for its shares from Bunge in the talks, in
reference to a report in Spanish newspaper elEconomista that
Bunge was mulling a bid for the Spanish food group.

“In the talks with Bunge, no mention of a possible share
offer for SOS has been discussed,” the Spanish company said in a
filing with the Spanish securities regulator.

SOS said on Sept. 30 it was in talks with several potential
investors to secure subscribers for its capital hike, one of the
conditions imposed by the food group’s creditors to refinance
1.04 billion euros of debt.

At 0708 GMT, SOS shares rose 11.7 percent to 1.48 euros,
while the blue chip IBEX (.IBEX: ) index was little changed.
(Reporting by Jonathan Gleave; Editing by David Holmes)
($1=.7166 Euro)

UPDATE 1-Spain’s SOS talking to Bunge over stake sale