A PYMNTS Company

EU: Chiquita, Fyffes offer compromise to Commission

By  |  September 16, 2014

Top banana producer Chiquita Brands and its Irish rival Fyffes have reportedly offered the European Commission a compromise to secure clearance for their $526 million merger.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Commission announced Tuesday that the companies submitted their proposals last week, but the watchdog did not offer details on what those concessions include.

    The companies first agreed on a merger last March; reports say the combined company would hold 14 percent of the global banana market.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.