Breakingviews: Anti-trust is banana skin for ChiquitaFyffes
Monday, March 10, 2014 - 03:13
Mar. 10 - Chiquita buys Fyffes to make the world’s biggest banana supplier. Breakingviews’ Robert Cole argues the deal could lead to serious questions over competition.
▲ Hide Transcript
▶ View Transcript
They were talking but moments -- Robert -- breaking views this on the back of news that Chiquita. Will -- -- -- your biggest challenge is to avoid any. But on -- Yeah it is -- I put those kind of ponds isn't it so let's try and avoid that I mean clearly this isn't ILL Time Warner. It's. Relatively small -- but in fresh fruit speaks really speak but on -- okay I'll stop that. But it's -- it is it is significant failure and actually you know what let's have been -- -- with a -- and it's not -- took -- -- but there are some serious issues -- -- You know head is going to be create the number one global. Company in forbidden in fresh -- five billion dollar company. Odd billion dollar company and a 160 million boxes of anonymous you -- on how it got to the market said -- So on nor shall put instinctively offerings has got to -- competition. Concerns certainly would welcome to the supermarket or the supermarket is on the thoughts or -- to so well I am I'm going to be -- about the process anonymous. And maybe some of the people will be. So I can talk about as I'm just concerned I think 18% of the market will be controlled by. Full pensions a and and you would mention too of course Chiquita as far as the other is a Fresh Del Monte and dole fruit. Yeah so if they each had a third of that society perhaps the competition concerns wouldn't be. To that but on fixing -- -- is excellent but the rule the -- That Chiquita and fox codes. -- vote for more than that and of course. Also it's not necessary the global numbers that are important it's what it can -- controls what's it would control in particular markets. Here in the states shall on the part of what we're sorry yet but we and we must remember two of the things. Firstly I promise you that yes we can that. -- about the public but it but it really call like business political puppet for years and is in the business. There are small countries in the West Indies in other places which depend upon an office so. Having a global. Very powerful company really mount an Aussie someone let the book with the group a competition authorities. Sorry I was gonna say one other thing which is kind of mean that clearly this is -- which will get scrutiny. Is that. And it's being listed in Dublin I don't -- is not a solo tax. Environment. To bond money that it. Old space tourist I believe in attacks competition between jurisdictions. And if with little -- Lower taxes that's good but it we can normally our government more efficient as well let but that's good story that is concerned we have an issue with that but I think -- my rights groups as well a -- that Robert many thanks that Robert Cole or not -- -- are vying -- That's create the world's biggest but not supplied. If you are what draw the breaking views US show 1230 east and some synthetic GMC. I'm -- over the sources.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code