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EU: Commission expected to approve Chiquita Banana merger

 |  September 24, 2014

The European Commission is set to give its approval for Chiquita’s proposed merger with Irish competitor Fyffes, unnamed sources said.

The Commission will require concessions from the companies before it clears the $526 million merger, though it is unclear what those concessions include.

The companies are looking to combine into the world’s largest banana producer. The companies reportedly offered concessions to the Commission last week, though details were scarce on the exact offer.

Full content: Reuters

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