Saturday November 28, 2020

‘Fyffes deal means small Irish firms will now have a big red circle around them’

Sumitomo could well be the harbinger of more deals of this type

Barry J Whyte

Chief Feature Writer

11th December, 2016

Two years ago, Fyffes looked a little deflated. Its mega-billion euro merger with Chiquita had fallen apart and its share price was on the slide.

It was a loss for Fyffes, analysts wrote at the time, which had missed its chance to become part of the leading global banana producer in the world.

But, they said, that did not mean all was lost.

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