Unilever to Sell Bertolli Unit

Spanish food company Grupo SOS SA agreed to buy Unilever's Bertolli olive-oil and vinegar business for €630 million ($998 million) in a move to strengthen its position as the world's leading olive-oil bottler.

Grupo SOS, which owns brands such as Italy's Carapelli and Spain's Carbonell, already controls about 15% of the world's olive-oil output. The acquisition of Bertolli, the world's biggest olive-oil brand, will bring its market share to 20%.

The Spanish company has a market value of €1.76 ...