Chiquita has confirmed reports that it is in talks to sell off its banana producing and port operations in Colombia.
The organisation said it was holding talks over the potential sales with Invesmar, a holding company of Colombian-based banana producer CI Banacol.
The discussions also involve a potential long-term agreement for Chiquita’s purchase of Colombian bananas.
The country accounts for about 10% of Chiquita’s banana volumes sourced from Latin America. The company emphasised that any deal was at the discussion stage only.