EC greenlights new banana bunch as Fyffes and Chiquita agree on exclusivity

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One of regulatory hurdles to the merger between two of the world’s largest banana producers, Chiquita and Fyffes, was cleared last week after the two companies agreed to an EC competition requirement that they do not impose exclusivity arrangements on shipping lines.

One of the key provisos for the EC clearing the proposed merger, which will create the world’s largest banana producer, was that an existing deal between Irish Fyffes and Maersk, which stipulates that the Danish carrier cannot transport Fyffes’ ...