Panama: Officials Reject CEDIT's Bid for Coosemupar

The evaluation commitee rejected the bid by Italian company CEDIT (Centro de Distribución de Toscana), as it failed to comply with the established requisites.

Tuesday, December 22, 2009

The announcement was made by José Carlos Elizondo, Coosemupar interventor.

"Elizondo commented there are three additional companies interested in acquiring the banana cooperative", reported Prensa.com.

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Italian Company CEDIT Close to Running Coosemupar

December 2009

"Centro de Distribución Toscana" (Cedit), was the only company bidding to assume operations at troubled Panamanian cooperative Coosemupar.

Cedit boasts 80 years of experience in the banana market. Its proposal will be reviewed on December 22.

"Jaime Abdiel Guerra, Coosemupar representative, said they expect the new company to have the required logistics and money to invest", reported Prensa.com.

Panama: Companies Interested in Coosemupar

November 2009

5 Companies have expressed their interest in investing in Coosemupar, to rescue it from its current crisis.

The announcement was made by Ana Roasas, director of Ipacoop (cooperatives authority), adding that several proposals are being studied.

"...agricultural experts consider that the lands have potential for other uses aside from planting bananas", reports Laestrella.com.pa.

Panama - Fresh Del Monte Talks Fail

May 2009

Del Monte withdrew from negotiations for the operation of COOSEMUPAR, and a substitution through government investment is being considered.

Del Monte multinational withdrew from negotiations for the operation of Port Armuelles Multiple Services Cooperative (COOSEMUPAR) due to protests by cooperative workers, who blocked the border crossing between Panama and Costa Rica.

Panama: Banana Agreement with Fresh Del Monte

April 2009

IPACOOP selected the offer of $54 million by Del Monte for the rental of 3 thousand hectares from the COOSEMUPAR banana company for 25 years.

With the decision of the Panamanian Autonomous Cooperative Institute (IPACOOP), negotiations for an agreement between cooperative COOSEMUPAR and Del Monte for the rental of the banana plantations will begin.

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