Sumitomo

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Fyffes: way now paved for the tropical fruits distributor to delist after three and a half decades on the Irish Stock Exchange.

Japanese group Sumitomo Corporation has secured the final necessary approval to take over Fyffes, paving the way for the tropical fruits distributor t(...)

Banana Link activists protesting the conditions of Fyffes’ Central American workers gather outside the Ballsbridge Hotel, where the company held its agm on January 16th. Photograph: Cyril Byrne

Fyffes is preparing to answer allegations of worker exploitation at its Central American operations just as its €751 million takeover by a Japanese gr(...)

 Fyffes chairman David McCann flanked by  company secretary Seamus Keenan and non-executive director Tom Murphy.  Photograph: Cyril Byrne

Fyffes’s €751 million takeover by Japanese group Sumitomo Corporation has been given the green light by the European Commission. In a statement, the(...)

The road ahead for 2017 “Companies might find the challenges are becoming a bit more complex, but they are going to have to navigate around them if they are to progress”

For businesses looking to execute growth strategies through mergers and acquisitions, these are “interesting times”, as the old Chinese curse has it. (...)

Alongside what was happening globally, Ireland wasn’t short of its own significant deals during the year. Illustration: iStock

Possibly the most important merger of 2016 from the perspective of market impact was the one that didn’t happen. The proposed $160 billion (€150 bill(...)

Fyffes  executive chairman David McCann: Fyffes shareholders approved Sumitomo’s takeover of  Irish firm for €751 million last Monday. Photograph: Cyril Byrne

Fyffes’ imminent new Japanese owner, Sumitomo Corporation, has signalled it may sell the tropical fruits distributor’s 40 per cent stake in property c(...)

Banana company Fyffes was taken over by Japanese firm Sumitomo for €751 million.

The technology, agri-food and healthcare/pharma sectors remain firmly in the top three in terms of mergers and acquisitions (M&A) activity in Irel(...)

Fyffes chairman David McCann at the company’s EGM in Dublin on Monday. Photograph: Cyril Byrne

Talk about trying to squeeze the last cent out of a deal. Fyffes’ stock price on the last day of trading in 2016 peeped one cent above a €2.25-a-sha(...)

Fyffes chairman David Mc Cann, flanked by company secretary Seamus Keenan and non-executive director Tom Murphy,  at the company’s egm in a Dublin hotel on Monday. Photograph: Cyril Byrne

Fyffes’ €751 million takeover by Japanese group Sumitomo Corporation was approved by investors on Monday, as demonstrators outside the meeting in Dub(...)

David McCann (centre), chairman of Fyffes, at the company’s AGM recently. Photograph: RollingNews.ie

MONDAY Meetings: Fyffes EGM (Ballsbridge Hotel, Dublin 4). Indicators: Ulster Bank construction PMI (Dec); Irish inflation rate (Dec); Euro zone bal(...)

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