Chiquita may sell Colombia banana operation

Chiquita Brands International Inc is discussing the potential sale of its banana-producing and port operation in Colombia to Invesmar Ltd, the holding company of CI Banacol SA , a Colombian-based producer and exporter of bananas. Discussions also involve a potential long-term agreement for Chiquita's purchase of Colombian bananas.

These discussions may or may not lead to an agreement or a transaction.

An international marketer, producer, and distributor of bananas and other fresh produce, Chiquita produces some 11 million 40-lb boxes of bananas in Colombia. This represents about 10% of its volume sourced from Latin America.

TAGS: Foodservice
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