T&T Conglomerate Going After More Bajan Businesses
Nearly a year after losing a vicious bidding war to gain Banks Holdings Limited (BHL), Trinidadian conglomerate ANSA McAL is now eyeing two other companies in Barbados yet again as they hope to sell off 3 other former assets.
While he declined to give details, if all legal i’s and t’s are crossed and dotted correctly, then those firms could be ANSA McAL Barbados’ by the end of October.
The group is made up of more than 60 companies across the region, employing nearly 1,000 people.
Mouttet said since its investment in Standard Distributors in Barbados about 55 years ago, ANSA McAL Barbados continues to invest heavily in this country.
“It is our second largest geography in terms of our investment in the region. It is extremely important to us and we continue to invest for decades,” Mouttet noted.
He reaffirmed the commitment of the ANSA McAL Group of Companies to the local market, stating that the company would continue to seek out new investments and grow is footprint in Barbados.