Sumitomo offers €750 million to acquire Fyffes plc

WH is acting for Fyffes, the leading Irish-based banana importer, in the largest takeover on the Irish Stock Exchange for many years. Fyffes is being acquired by the Japanese company Sumitomo Corporation in a deal worth €751 million. The offer, which has been recommended by the Fyffes’ Board and represents a 49% premium on its share price, is subject to shareholder approval.

 

Pictured following the announcement of the recommended cash offer for Fyffes plc by Sumitomo Corporation are David McCann, Executive Chairman, Fyffes plc and Hirohiko Imura, Representative Director, Managing Executive Officer, Sumitomo Corporation Tokyo.