RBTT shareholders are to vote their approval of the friendly takeover bid by Royal Bank of Canada on March 26, in Port of Spain.

Last week, the company's board said it would decide the final list of shareholders eligible to participate in the special meeting at record date February 18.

RBC has made a TT$13.8 billion (US$2.2 billion) offer for the banking operations of RBTT Financial Holdings, the largest deal in the Caribbean in recent memory. The deal calls for the creation of an 'amalgamated corporation', incorporating the regional operations of RBC and the banking assets of RBTT Financial.

The meeting "to authorise and approve the amalgamation of a newly incorporated, indirect, wholly owned, Trinidad and Tobago subsidiary of Royal Bank of Canada" will be held the Hilton Trinidad & Conference Centre.

The director's circular outlining the offer will be mailed to shareholders as the same time as the notice of the meeting, said RBTT.

business@gleanerjm.com