Fyffes PLC has announced its EUR 750 million acquisition by Sumitomo Corporation. The acquisition is to be structured as a High Court sanctioned scheme of arrangement and is subject to customary closing conditions. It is expected to complete in Q1 of 2017.
Advising Fyffes, corporate partner Stephen Hegarty is leading the Arthur Cox team, assisted by corporate partners Ciaran Bolger and Geoff Moore. Employment partner Cian Beecher is also advising, as is litigation partner Colin Monaghan and tax partner Ailish Finnerty.