Struggling banana group sues EU

26 January 2001

Struggling banana group sues EU

By FWi staff

AILING US banana company Chiquita Brands International is suing the EU Commission for Euro564 million ($519m) damages, reports the Financial Times.

Chiquita claims it has suffered under restrictions introduced in 1999 under a new EU import regime.

The company, which has been fighting different EU schemes for eight years, recently announced it could not make payments on $862m publicly traded debt.

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