UPDATE 3-Colombian Valores Bavaria cuts 2002 loss by 50 pct

Newswire

(Recasts with details, background) By Phil Stewart BOGOTA, Colombia, Feb 28 (Reuters) - Colombian conglomerate Valores Bavaria said on Friday it slashed its 2002 losses by about 50 percent from the previous year, and pledged a quick return to profitability as it sheds domestic assets and expands abroad. Valores, controlled by Colombian magnate Julio Mario Santo Domingo, is considered a bellwether of the Colombian economy with interests in businesses ranging from supermarkets to ...

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