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Fyffes delisted from Irish stock exchange

The company said in December that it had agreed a deal to be bought by Swordus Ireland Holding Limited, a wholly owned subsidiary of the Japanese giant for €751m
The company said in December that it had agreed a deal to be bought by Swordus Ireland Holding Limited, a wholly owned subsidiary of the Japanese giant for €751m

Global fruit distributor Fyffes has been delisted from the Irish Stock Exchange from today, following its takeover by Japan's Sumitomo Corporation.

The company said in December that it had agreed a deal to be bought by Swordus Ireland Holding Limited, a wholly owned subsidiary of the Japanese giant for €751m.

Under the terms of the deal, Fyffes shareholders are entitled to receive €2.23 in cash for each ordinary share in the company.

Shareholders will also be paid a final dividend in respect of the 2016 calendar year of €0.02 per share in cash.