The European Commission has cleared the merger between Total Produce and Dole Foods. Earlier this year Total Produce announced it was to combine with Dole Food Company under a newly created, US-listed firm called Dole plc. Total Produce shareholders will vote on the transaction at an EGM next Thursday. Carl McCann-headed Total Produce bought a 45pc stake in Dole for $300m (€247m) in July 2018. Total Produce, which operates out of 30 countries, is involved in the growing, sourcing, importing, packaging, marketing and distributing over 300 lines of fresh produce.

Source: Irish Independent June 09, 2021 08:03 UTC