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Chiquita May Sell Colombian OperationsCINCINNATI - Jan 26/04 - SNS -- Chiquita Brands International, Inc. confirms it is trying to sell its banana-producing and port operations in Colombia to Invesmar Ltd., the holding company of C.I. Banacol S.A. C.I. Banacol S.A. is a Colombian-based producer and exporter of bananas. The discussions also involve a potential long-term agreement for Chiquita’s purchase of Colombian bananas. "There can be no assurance that these discussions will lead to an agreement or a transaction," the company warned in a press statement. Chiquita currently produces approximately 11 million 40-lb. boxes of bananas in Colombia, which represents about 10% of its volume sourced from Latin America. The subscriber version of the article is available by Clicking here
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