A PYMNTS Company

EU: Commission clears Total Produce purchase of Dole stake, with conditions

By  |  August 1, 2018

Irish fresh food producer Total Produce on Monday, July 30, received regulatory clearance in the European Union for its purchase of a 45% stake in US peer Dole, subject to the sale of some of Dole’s Swedish businesses.

    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 deal was originally announced on February 1, 2018, with Total Produce entering into a binding agreement to acquire a 45% equity stake in Dole for US$300 million.

    According to the EC, regulatory approval is conditional on the divestment of Dole’s Swedish bagged salad business Saba Fresh Cut, a disposal that Total Produce stated would have “no material impact” on the strategic rationale or commercial value of the deal.

    Full Content: European Commission

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