IRELAND > Fyffes to be acquired by Sumitomo Corporation for $798Mn

Fyffes_SVG_logo.svg Japan based Sumitomo Corporation is slated to acquire Ireland based Fyffes for €751Mn ($798Mn). Sumitomo offered €2.23 ($2.38) a share for Fyffes business. Fyffes annually distributes about 46 million cases of bananas in Europe. It also has hands in pineapples, melons and mushrooms business. Sumitomo was advised by JPMorgan Chase & Co. for the deal and Lazard and Davy Corporate Finance More …