Cutrale, Safra eye Chiquita takeover

Cutrale, Safra eye Chiquita takeover

M&A

Brazilian agribusiness firm Cutrale and Banco Safra have made an unsolicited bid for US banana producer Chiquita. If the transaction were to take place it would derail Chiquita’s planned merger with Ireland’s Fyffes, agreed in March. “If we are able to proceed on a timely basis with due diligence and discussions, we will be in a position to close the transaction before the end of the year, within the same timeframe you have indicated for the Fyffes transaction,” the Brazilian companies said in a

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