Blackrock International Land is proposing to change its name to Balmoral International Land Public Limited Company.
The company, a spin-off from Fyffes, says is it changing its name after the resolution of a trade mark dispute between it and Blackrock Inc, the US-based international asset management and investment management company.
It says the two parties have now agreed to settle the proceedings and a formal settlement deal has been reached which will be implemented once the company's shareholders have approved the name change.
Blackrock International Land said the terms of the settlement agreement are to remain confidential.
It added that an extraordinary general meeting will take place on October 7 to vote on the name change.
Last month the company reported a pre-tax loss of €7.9m for the first six months of the year. This compared with a €3.6m loss a year earlier.
