Hirunews Logo
EU+backs+merger+to+create+world%27s+biggest+banana+company
Sunday, 05 October 2014 - 11:19
EU backs merger to create world's biggest banana company
15

Shares
1,888

Views
European Union competition regulators gave the green light for a merger between US banana giant Chiquita and Irish rival Fyffes to create the world's biggest producer.

Chiquita's merger with Fyffes was announced in March and would create a firm with 4.6 billion dollars in annual revenues.

The proposal would allow Chiquita to avoid higher US taxes by relocating its statutory headquarters to Ireland.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE