Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that its subsidiary, Del Monte International, GmbH (“Del Monte”), was awarded more than $32 million in damages, interest and other monetary relief against Inversiones y Procesadora Tropical, S.A. (“INPROTSA”) by the International Court of Arbitration of the International Chamber of Commerce (“ICC”).
The ICC’s award also recognized that Del Monte has a right to virtually all of the gold pineapple vegetative material on INPROTSA’s plantation and entered injunctive relief prohibiting INPROTSA’s sale of nearly all of its gold pineapples to any buyers other than Del Monte and ordered INPROTSA to specifically perform its obligations under its pineapple sales agreement with Del Monte.
For more information:
Christine Cannella
Fresh Del Monte Produce
+1 305 520 8433