The EC approves the deal under the condition that Dole lets the Swedish Saba Fresh Cut go its own way. The European Commission is concerned about competition in the Swedish market after the takeover, as both Total Produce and Dole are active in Sweden. For the cut products, only Salico would remain as a significant competitor. According to the EC, this would leave too little competition in the market. Total Produce said in response that this condition "has no material impact on the strategic motivation or commercial value of the transaction."
Total Produce completes Dole takeover after EC approval
The EC approves the deal under the condition that Dole lets the Swedish Saba Fresh Cut go its own way. The European Commission is concerned about competition in the Swedish market after the takeover, as both Total Produce and Dole are active in Sweden. For the cut products, only Salico would remain as a significant competitor. According to the EC, this would leave too little competition in the market. Total Produce said in response that this condition "has no material impact on the strategic motivation or commercial value of the transaction."