ANSA McAL, ignominious in defeat?

Despite the fact how many Bajans seem to view the move as being vindictive in defeat – Trinidadian giant ANSA McAL continues to wait on the Supreme Court of Barbados before making its next move, after spending 10’s of millions of dollars in their attempt to become the owners of Banks Holdings Limited (BHL) .

Barbados’ Chief Justice Sir Marston Gibson removed an injunction to freeze trading of BHL shares on November 13th, a decision which ANSA McAL has not relinquished in appealing.

Even though the Trinidadian company lost the battle for BHL on Monday, when Brazilian brewery behemoth AmBev was able to acquire more than 50 per cent of the BHL shares, ending a more than three-month battle for the former Barbadian-owned company.

ANSA McAL now owns millions of shares in the AmBev-owned company, and will have to make a decision on if to remain a minority shareholder, or if to sell those shares back to the new owners.

ANSA McAL now owns millions of shares in the AmBev-owned company, and will have to make a decision on if to remain a minority shareholder, or if to sell those shares back to the new owners.

Seeking some kind of solace after losing the intense bidding, the CEO of the Barbados branch of the twin island republic firm says they would not turn down a chance to purchase Pine Hill Dairy or B&B Distribution if AmBev should decide they only want the brewery aspect of BHL;-

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