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Banker Safraa s Group to Acquire Chiquita

2014-10-28 20:52:56| Agriculture - Topix.net

Joseph Safra, the world's richest banker, will be adding bananas to his investment portfolio, announcing today that he and Brazilian orange juice tycoon Jose Cutrale are acquiring Chiquita Brands International for $682 million after a three-month takeover battle. Chiquita had rebuffed three previous takeover attempts by the Cutrale-Safra consortium, preferring to seek a merger with rival Fyffes PLC.

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