The merger Dole Banacol is agreement

After the merger Chiquita-Fyffes, the agreement Dole-Banacol is possible rather quickly.

The rumors agitate the sector that landmarks the proclaimers signs of a fusion between the American giant Dole and Colombian society Banacol .

The two companies have entered into negotiations for several months; Dole has recently acquired pineapple activities of Banacol in Costa Rica; Banacol has announced a financial restructuring plan after losses of U.S. $ 184 million, caused by rising costs of production, low prices on international markets and problems of exchange rates.

The analysts therefore believe that the merger is possible. Most of the production of Banacol comes from its own farms located in Colombia and Costa Rica, the total area of ??farms is more than 8,500 hectares.

source : banastat com