Article: Havanna will be put up for auction.

Argentina, Sep 17, 2002 (La Nacion/SABI via COMTEX)

At the end of September, the 'alfajor' (type of fudge) company Havanna will be put up for auction. The seller is a consortium of banks formed by Deutsche Bank, Citibank, Banco Rio, Sudameris and Creditanstalt, which took control of the firm after the investment fund The Exxel Group failed to pay a credit of US$32mil. The auction will have a base price of US$34.3mil. The Exxel paid US$85mil 6 years ago. The ...

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