Rival banana firms to merge

Rival banana firms to merge

BBC: Irish fruit firm Fyffes and U.S. brand Chiquita will merge to create the world's largest banana company, worth about $1 billion.

The new firm, named ChiquitaFyffes, is expected to sell about 160 million boxes of bananas annually, more than any rival.

"This is a milestone transaction for Chiquita and Fyffes that brings together the best of both companies," said Chiquita boss Ed Lonergan.

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