MADRID (Reuters) - Private equity firm CVC has hired investment bank Lazard to find a partner to invest in Spain's Deoleo, maker of Bertolli, Carbonell and other olive oil brands, Cinco Dias reported on Friday, citing unnamed financial sources.

In this way, the fund would end up divesting in the olive oil maker, according to the newspaper.

CVC currently owns around 57% of Deoleo, according to Refinitiv data.

Spain is the world's leading producer of olive oil and a severe drought has damaged crops and caused prices to rise dramatically in recent weeks.

(Reporting by Inti Landauro and Andres Gonzalez; edited in Spanish by Benjamin Mejias Valencia)