AGREEMENT SIGNED FOR SALE OF BNTCL

Barbados National Oil Company Ltd. (BNOCL) confirmed they signed an Agreement with the SOL Group for the sale of the shares of its subsidiary, Barbados National Terminal Company Limited (BNTCL).

In accordance with the agreement, BNOCL will continue to source, import, own and distribute gasoline, diesel and fuel oil to all local marketers.

Consumers will continue to access product at their regular sources as before. Prices at the pumps will only change in accordance with the price of imported products as is currently done.

Completion of the sale, which is subject to certain conditions including receipt of regulatory approvals, is anticipated to occur in the first quarter of 2017.

PROSALES WEB BANNER phones 22102020

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Comments

add a comment

Some HTML is OK

or, reply to this post via trackback.

  • My Bdos Lottery Top Up 20201
  • 336x280 Evablue 2021 Free Quote
  • 336x280 Printshop Launch 2021 Southpaw
  • BR2 If you saw this then you came to the best place to get seen