Global Processing

Chiquita in talks to sell Colombia operations

January 26, 2004
Reuters reports that Chiquita Brands International Inc., a leading banana producer, said it is in talks to sell its banana-producing and port operations in Colombia to Invesmar Ltd. Confirming undisclosed "reports," Cincinnati-based Chiquita said it could not predict the outcome of the talks or any possible financial terms. Chiquita produces about 11 million fourty-pound boxes of bananas in Colombia, or about 10 percent of its banana crop from Latin America. Invesmar is the holding company of C.I. Banacol S.A., a Colombian banana producer and exporter.