U.S. banana producer Chiquita Brands International and Ireland's Fyffes have agreed to merge and create the world's largest banana company.
The combined company, to be known as ChiquitaFyffes, is set to displace privately-held Dole from the No. 1 spot.
According to BananaLink, a public interest group, Dole today has about a 26% market share; Chiquita has 22%; Fresh Del Monte Produce has 15% and Fyffes has 7%. That means the top three companies will have 70% of the global market if the deal is allowed to go through.
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