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Chiquita's admission of payment may blunt damage to image

Author: John Nolan, Associated Press, Published on: 12 May 2004

Chiquita Brands International Inc.'s decision to disclose that a subsidiary [Banadex] paid groups in Colombia designated by the United States as terrorist organizations could soften the blow to the company's negotiating to sell Banadex to the Colombian fresh-fruit distributor Banacol.

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Related companies: Banacol Banadex Chiquita Occidental Petroleum