GraceKennedy creates group for financial subsidiaries - BoJ prods NCB to follow suit
The GraceKennedy group has established a separate holding company for its financial subsidiaries - a response to a directive from the central bank that conglomerates unbundle their banking businesses from other operations
FCIB investors can force CIBC to make offer - regulator
Four regional securities regulators have told FirstCaribbean investors to seek legal advise, charging they were denied the opportunity to sell their shares to CIBC under terms agreed by the Canadian bank.In fact, FCIB minority inves-tors can force the...
Shareholders approve BNS reconstruction scheme
Minority share-holders gave Scotia-bank Jamaica the greenlight at its extraordinary general meeting on Wednesday to proceed with its Reconstruction Scheme which will result in the creation of a new holding company, Scotia Group.
GraceKennedy acquires UK company for $3b
GraceKennedy Limited has acquired United Kingdom-based food supplier WT (Holdings) Limited Group, or WT Foods, for ?23million (J$3.04 billion), calling the deal a strategic acquisition to make inroads into the European market...
Digicel valued as a US$2.4 billion company - O'Brien to reinvest $1b from bond issue
Digicel Group's successful bond offering last week, which raised US$1.4 billion for the telecoms, was one of the largest high yield instruments issued out of the Latin American and Caribbean region. Colm Delves in an exclusive interview with the Financial Gleaner...
Tank-Weld to invest $1.1b more in port project
Construction Group Tank-Weld says its Rio Bueno port plan is now a $2.3 billion investment, having opted to expand the original $1.2 billion project announced last September to take advantage of 'new' opportunities over the past few months.
Jamalco pressing ahead with planning approvals for new dock - But says it may never be built
Jamalco has plans to build a temporary dock along the Rocky Point, Clarendon, coast for the offloading of new equipment and materials transported by barge for the US$1.6 million expansion of the 37-year-old refinery.
Airbus job-cut protests rock planemaker
The French Prime Minister defended thousands of job cuts at Airbus on Thursday, but protests over the losses at the planemaker silenced three German plants in a backlash that could threaten recovery hopes." This plan is necessary to definitively end...
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