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Tag Archives: acquisitions

  1. Castries’ Republic Bank Converts From Scotiabank Banking Platform

    Republic Bank culminated activities in St Lucia associated with what it described as a ‘huge task’ of conversion from the Scotiabank banking platform to the Republic Bank banking system. But Julien gave the assurance that Republic Bank has its best talent both locally and across the company’s group network, working through the conversion process. He […]

    September 7, 2021Business, FeaturedNo comments
  2. Goddard Enterprises Limited (GEL) ACQUIRES AVIATION SECURITY COMPANY IN COSTA RICA

    Goddard Enterprises Limited (GEL) announces the acquisition of AGO Security S.A. (AGO Security). The acquisition was concluded on August 16, 2021 by the GCG Group – a division of GEL. Established in 2006, AGO Security is the leading Aviation Security company in Costa Rica with operations in the Liberia International and San Jose International Airports. […]

    September 2, 2021Breaking News, Business, FeaturedNo comments
  3. Medici Ventures Makes Additional $8 Million Equity Purchase in Bitt Inc.

    Medici Ventures, the wholly owned blockchain-focused subsidiary of Overstock.com, Inc. recently announced an $8 million equity purchase in Bitt, its Barbados-based keiretsu company. The additional equity will enable Bitt to pursue market opportunities that accelerate the adoption of digital currencies in developing countries. This transaction gives Medici Ventures a controlling interest in Bitt. Bitt was […]

    November 11, 2020Business, FeaturedNo comments
  4. Musson Acquires Massy’s Information Technology & Communications Line of Business

    Musson (Jamaica) Limited (“Musson“) has announced that it has completed the acquisition of Massy Holdings Limited’s regional information technology and communications line of business (“Massy Technologies“). Massy Technologies is one of the largest and most prominent information technology and communications providers in the Caribbean. Massy Technologies offers its customers enterprise IT and communications solutions including […]

    October 7, 2020Business, FeaturedNo comments
  5. Financial arm of Gilinski Group says it’s to acquire FirstCaribbean International Bank

    Barbadians awoke this weekend learning First Caribbean could soon become First Colombian? Seriously, the popular financial entity in the midst of ongoing controversy with its interest rates slashed in what many see as a draconian manner plus new charges added on, now has the additional controversy of a public reaction in discovering via overseas online […]

    November 4, 2019Breaking News, Business, FeaturedNo comments
  6. GAS Group in Costa Rica now member of Goddard’s Catering Family

    GCG Ground has now added another country to its growing list of operating territories with the acquisition of GAS Group Aviation Services S.A. (GAS GROUP) in Costa Rica. The recent acquisition has expanded GCG’s Ground Handling business to Central America and GCG Ground, a division of Goddard Enterprises Ltd (GEL) now operates at six airports […]

    September 21, 2019Business, FeaturedNo comments
  7. GCG Ground Acquires Company in St Lucia

    GCG Ground, a division of Goddard Enterprises Ltd has expanded its Ground Handling business with the acquisition of Caribbean Dispatch Services Ltd. (CDSL) in St. Lucia. It is expected that the company’s 234 employees will remain unaffected by the acquisition which took effect on August 20th 2019. The company presently provides a full suite of […]

    September 2, 2019BusinessNo comments
  8. Scotiabank’s Santo Domingo CEO visits DR’s President Medina

    The Dominican Republic’s President – Danilo Medina – received in his office at the Presidential Palace Brian Porter, President and chief executive officer of Scotiabank on 22 July 2019. Ignacio Deschamps, head of International Banking and Digital Transformation at Scotiabank and Gonzalo Parral, Scotiabank general manager in the Dominican Republic accompanied Porter during the visit. […]

    July 25, 2019BusinessNo comments
  9. Scotiabank sells its pension business in DR

    Scotiabank announced they completed the previously reported sale of Scotia Crecer AFP and Scotia Seguros, its pension and related insurance businesses in the Dominican Republic , to Grupo Rizek. Grupo Rizek is one of the largest and most prominent diversified business groups in the Dominican Republic with a long-standing reputation in agribusiness and the financial […]

    May 4, 2019BusinessNo comments
  10. Royal Fidelity Management Buyout: What Bajans Need To Know

    Royal Fidelity Merchant Bank & Trust Limited announced as a result of a management led buyout, RF Holdings Limited (“RF Holdings“) a newly formed Bahamian holding company, has agreed to acquire 100% of its issued and outstanding shares that were previously held on a 50/50 basis by RBC Royal Bank of Canada and Fidelity Bank […]

    February 6, 2019Business, FeaturedNo comments
  11. Parkland Fuel Corporation to Acquire 75% of SOL, Largest Independent Fuel Marketer in C’bean

    Parkland Fuel Corporation – Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator, and SOL Limited have entered into an agreement to complete a business combination between Parkland and SOL Investments Limited and its subsidiaries. The Transaction will result in Parkland acquiring […]

    October 10, 2018Breaking News, Business, FeaturedNo comments
  12. Technical difficulties faced by Ozone Wireless will be conquered, says Director

    On Friday, August 31st 2018 Cable and Wireless disconnected all local services to Ozone and as a result, users connected to service from these locations: Mt. Wilton, Cliff, Boarded Hall, Waterford, Breedy Land, Staple Grove, Airport, Blades Hill, Broadley, Lowlands and surrounding areas would have immediately noticed a reduction in service. Ozone is working around […]

    September 5, 2018Breaking News, Business, FeaturedNo comments
  13. Harris Paints Set for Further Growth as it Increases Caribbean Stake with Antigua Purchase

    The Harris Paints Group has extended their reach throughout the Caribbean with the recent purchase of the assets of Lee Wind Paints. The acquisition gives the company, sole manufacturing rights in Antigua. Harris Paints is a well-known brand in Antigua and has been the established market leader for many years supplied through Paints Plus, located […]

    August 26, 2018BusinessNo comments
  14. GODDARD ENTERPRISES BUYS OUT MARSHALL TRADING

    Goddard Enterprises Limited (GEL) signed an agreement with Art Holdings Inc. (Art Holdings) to acquire 100% of the shares in Marshall Trading Limited (Marshall Trading), a subsidiary of Art Holdings. The agreement took effect from June 30th, 2017, however the complete transfer process should be concluded in three months’ time, though the company will now […]

    July 18, 2017Breaking News, Business, FeaturedNo comments
  15. ANSA McAL SET TO ACQUIRE LEWIS BERGER (OVERSEAS HOLDINGS) LIMITED (LBOH)

    The ANSA McAL Group disclosed their wholly-owned subsidiary ANSA Coatings International has signed a definitive agreement to acquire Lewis Berger (Overseas Holdings) Limited (LBOH) from Berger International Private Limited (BIPL), in an all-cash transaction, for an undisclosed sum, subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the third […]

    June 18, 2017Breaking News, Business, FeaturedNo comments
  16. C&W NETWORKS WINS WORLDWIDE INNOVATION AWARD FOR WHOLESALE SERVICE

    C&W Networks, part of C&W Communications (C&W), was recently recognized for outstanding industry leadership in wholesale service innovation as it won the Wholesale Service Innovation worldwide award category in the Global Telecom Business (GTB) Telecoms Innovation Awards 2017 in London. C&W Networks, which provides world-leading wholesale telecommunications products and services to over 40 countries in […]

    June 17, 2017Photo Gallery, TechnologyNo comments
  17. OWNER OF CHANNELL SUPERMARKETS TO PURCHASE TRIMART CHAIN

    The Barbadian owner of Channell Supermarkets Inc., Ronald (Tony) Catlyn has reached agreement with ANSA McAL (Barbados) Ltd. to purchase the Trimart Supermarket chain as a going concern. This news was disclosed to the Trimart staff by Nicholas Mouttet, CEO of ANSA McAL (Barbados) Limited who have operated the three supermarkets at Rendezvous, St Martin’s […]

    October 19, 2016BusinessNo comments
  18. Flow celebrates 1st birthday in Barbados

    Bridgetown was transformed into a sea of blue as Flow celebrated its first birthday with an island-wide motorcade that culminated with a free public concert in Hero’s Square entitled ‘Big Blue Live‘. Barbados’ leading telecommunications provider feted hundreds of city shoppers and passers-by with plenty of giveaways and top-notch performances from Flow ambassadors including Lil […]

    July 24, 2016Business, FeaturedNo comments
  19. Republic Financial Holdings Limited (RFHL) Now Owns 70% of Republic Bank (Grenada) Limited (RBGL)

    Republic Financial Holdings Limited (RFHL) has announced its acquisition of an additional 19% shareholding in Republic Bank (Grenada) Limited (RBGL), moving its shareholding to 70%. This comes further to the Notices published on May 6, 2016 and June 10, 2016, advising of the opening and subsequent extension of the Offer Period for RFHL to acquire […]

    July 10, 2016BusinessNo comments
  20. FLOW’S TV SERVICES REACH NEW HEIGHTS – Improved Viewing Experience for Customers

    Revolution has a new name, as Flow announced today the rebranding of its cutting-edge Advanced Video Services (AVS) to Horizon from Flow. The rebrand will bring a refreshing upgrade to an already innovative TV product. The Company will roll out Horizon from Flow today in Jamaica and across its other Caribbean markets in the coming […]

    June 5, 2016TechnologyNo comments
  21. ARAWAK CEMENT RECORDS GROWTH IN 2015

    Arawak Cement Company Limited has said that although 2015 was a very challenging year, it was also one of growth. This was concluded at the company’s 32nd annual general meeting held recently at the St. Lucy-based plant. In spite of competition in its local and export markets, the company’s 2015 performance has been very encouraging. […]

    May 29, 2016Business, FeaturedNo comments
  22. Promotech gains Computer Depot

    Barbadian Tech Hardware franchise Promotech acquired Computer Depot Inc.’s knowledge and expertise in a move to accelerate the advance of strategic plans and goals that will benefit all. With this acquisition that was initiated in 2015, Promotech continues to grow and strengthens the company more as a whole. This strategic move has already created approximately […]

    May 22, 2016TechnologyNo comments
  23. Goddard Catering Group (GCG) DIVERSIFIES INTO HOSPITAL CATERING

    Goddard Catering Group (GCG) a subsidiary of Goddard Enterprises Ltd, (GEL) has now diversified its portfolio into hospital catering with the acquisition of a company in Colombia which is one of the top hospital and industrial caterers there. On November 18th 2015, the Goddard Catering Group in Bogotá, Colombia acquired Inversiones Ibero Caribe S.A.S, a […]

    January 31, 2016Breaking News, Business, FeaturedNo comments
  24. No job losses expected as BHL falls under the possession of AmBev

    The new owner of Banks Holdings Limited is seeking to allay public and possible staff concerns if AmBev’s latest acquisition would create more unemployment in a country seeing double digit figures in the job market for almost the last five years… Newly installed Chairman Marcio Juliano held a media familiarisation at the Hilton Barbados on […]

    December 20, 2015BusinessNo comments
  25. 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) . […]

    December 13, 2015Business, FeaturedNo comments