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Article

12 May 2004

Author:
John Nolan, Associated Press

Chiquita's admission of payment may blunt damage to image

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 reputation...Chiquita...is negotiating to sell Banadex to the Colombian fresh-fruit distributor Banacol.