Safra Group buys London skyscraper

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Nina Pullman

BY NINA PULLMAN

@nina_pullman

Safra Group buys London skyscraper

Not content with merely owning banana giant Chiquita, Joseph Safra has bought London’s Gherkin skyscaper

Safra Group buys London skyscraper

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Brazilian bank Safra Group has bought distinctive London skyscraper The Gherkin a month after it co-bought US banana company Chiquita.

The group, which is controlled by Brazilian billionaire Joseph Safra, is said to have shelled out over £700 million for the deal, according to industry reports.

Last month Safra Group and Brazil’s Cutrale Group bought banana giant Chiquita in a deal valued at approximately US$1.3 billion (£830m), after an increasingly competitive couple of months of bidding against rival merger partner Fyffes.

Safra, whose personal wealth is valued at around $16bn (£10.7bn) according to Forbes, founded the Sao Paolo-headquartered bank and is known as one of the world’s most discreet billionaires.  

The acquisition of Chiquita is subject to regulatory approvals and is expected to be completed by the end of the year, or early 2015.

 

 

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