Creating the largest banana producer in the world

WINSTON-SALEM, N.C. - Oct. 6, 2014 - PRLog -- The European Union antitrust authorities approved the merger of the American fruit production company Chiquita Brands and its rival, the Irish Fyffes, valued at $526 million, to create the largest banana producer in the world.

The European Commission said that in return for their approval, the companies should avoid exclusive agreements with shipping companies and may not provide incentives to carriers to stop carrying rival firms’ fruit.

Likewise, Brussels believes there is no risk of a monopoly because the “wholesale and retail customers will still have the opportunity to obtain supplies from a number of suppliers.”

The two groups announced in March the merger by exchange of securities, which will result in a company with a turnover of 4,600 million dollars.

The merged company, Chiquita Fyffes, will become the world’s largest banana producer with a presence in 70 countries, 24,000 hectares of land leased in Central America and approximately 32,000…read the entire article by clicking on the link below

http://abastomedia.com/en/news/creating-largest-banana-producer-world/