Fyffes’s proposed merger with US fruit producer, Chiquita Brands is looking more realistic after the latter rejected an improved takeover offer from Brazilian consortium, Cutrale- Safra.

Fyffes has responded to an increased rival bid for US banana producer Chiquita by saying its merger proposals remain the superior offer for shareholders.

Brazilian bidder Cutrale-Safra has submitted an improved bid for US banana producer Chiquita Brands.

The planned merger of Fyffes with its US banana-producing rival, Chiquita Brands is still widely expected to succeed, with one analyst suggesting a deal could be concluded earlier than anticipated by the end of October.