Coffee-growing countries look to buy stake in Starbucks |

Coffee-growing countries look to buy stake in Starbucks

By Patrick Markey

BOGOTA (Reuters) – Coffee powerhouse Colombia hopes early next year to
join other producers to buy an influential share in Starbucks, with
Brazil and Central American growers also interested, a top coffee
official told Reuters.

Colombia, the world’s No. 3 producer, has held talks with banks for a
year about a share in the U.S. giant, which would allow growers more
say in the supply chain, said Gabriel Silva, director of the National
Federation of Coffee Growers.

“There is an opportunity the crisis offers us; Starbucks’ share value
is at one of its lowest points in history,” Silva said in an interview
late on Monday. “We want to have a position of influence … a voice
sufficiently strong to be able to contribute to the development of the
company.”

http://www.reuters.com/article/newsOne/idUSTRE4BM3GW20081223

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