Tag Archives: mergers

  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. 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
  3. 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
  4. PanJam Announces Acquisition of Minority Stake in Regus’ Caribbean Franchise Partner

    PanJam Investment Limited (PanJam) announced they just acquired a 25 per cent stake in Williams Offices (Caribbean) Limited (Williams Offices), Regus’ Franchise Partner in the Caribbean. Williams Offices was established in Barbados in 2015 with a mandate to license and operate the Regus brand and business model in a number of Caribbean countries. Regus is […]

    October 11, 2018Business, Featured1 comment
  5. 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
  6. 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
  7. 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
  8. Williams Industries and former Digicel CEO’s form new company

    Barbados based Williams Caribbean Capital is a joint venture just launched by Williams Industries and former Digicel CEO’s Barry O’Brien and Ciarán Burke. Williams Caribbean Capital’s strategy is to invest in companies throughout the region which have a strong business model and the potential for enhanced growth levels. Therefore it’s a delight for the entrepreneur […]

    July 27, 2017Breaking News, Business, FeaturedNo comments

    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

    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
  11. Flow’s parent company Liberty Global and Netflix agree to integrate Netflix app into devices in over 30 countries

    Liberty Global plc (“Liberty Global“), the world’s largest international cable TV and broadband company and parent company of Flow, just revealed a multi-year partnership with Netflix Inc. (“Netflix“) which will lead to Netflix’s content being made available to Liberty Global video customers across more than 30 countries around the world. The launch of the Netflix […]

    September 19, 2016Breaking News, Featured, TechnologyNo comments
  12. 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

    Ansa McAl (Barbados) Limited at 6 pm Tuesday was successful in getting an interim injunction until November 11 from the Courts of Barbados against any further trading of Banks Holdings Limited (BHL) shares on the Stock Exchange or otherwise. This injunction which was granted by Sir Marston Gibson, Chief Justice of Barbados, means that until […]

    November 4, 2015Breaking News, Business, FeaturedNo comments

    Despite initial indications Barbados would be considered, Phil Bentley gave the nod for plans to establish FLOW’s new, state-of-the-art Customer Call Centre of Excellence in Kingston, Jamaica, with a thrust to create more than 300 full-time jobs there over the next two years. The innovative Customer Call Centre of Excellence is part of FLOW’s bid […]

    September 1, 2015Featured, TechnologyNo comments
  15. Staff members the first to say ‘Hello’ to the new Flow

    The vibes were flowing in the Hibiscus Room of the Lloyd Erskine Sandiford Centre as more than 500 employees of Cable & Wireless Communications celebrated the launch of Flow – the company’s new consumer-facing brand. The new Flow was revealed to staff members via multimedia presentations from Phil Bentley, Chief Executive Officer, Cable & Wireless […]

    July 17, 2015Business, Photo GalleryNo comments
  16. Goodbye LIME, hello FLOW? Cable & Wireless Communications Reveals Changes for Branding

    Following the completion of the merger of Cable & Wireless Communications (CWC) and Columbus International on 31 March 2015, CWC just made public their new corporate and consumer-facing brands for the combined Group, which will be rolled out in the coming months in markets where the necessary regulatory approvals have been obtained. CWC will operate […]

    May 6, 2015BusinessNo comments

    Experienced telecommunications executive Niall Sheehy has been appointed Managing Director for the Barbados Operations following the merger of Cable & Wireless Communications (CWC) and Columbus Communications, operators of the Flow and Columbus Solutions brands. In making the announcement, John Reid, President Consumer Group, indicated that even though Niall will assume the leadership of the combined […]

    April 19, 2015BusinessNo comments
  18. Digicel the “Big Bully” of the Caribbean – (supposedly) By: Jefferey Gordon

    (EDITOR’s NOTE: I suppose it is natural someone from either Lime or Flow would want to defend a potential merger of their services by March or thereabouts, but you should expect a few queries and not expect a media house to regurgitate prima facie… Got this from Jefferey Gordon before Christmas and fired back a […]

    January 4, 2015Editorial, TechnologyNo comments

    HBO Latin America announced today a five-year extension of its current agreement with Disney Media Distribution Latin America, which offers Disney’s animated and live-action films to HBO subscribers everywhere in the region, excluding Brazil. As part of this deal, HBO Latin America will continue to have exclusive first-run, premium pay television rights for its HBO […]

    September 15, 2014CinemaNo comments
  20. Like how Barbadians lament over their banking sector – Foreigners seem to be taking over Dominican businesses

    According to the executive director of the Dominican Association of Foreign Financed Businesses (ASIEX), Salvador Demallistre, the political, economic and legal climate in the Dominican Republic is changing the country into one of the best places in the region for foreign investment. In recent years, the drive to purchase Dominican companies has been led by […]

    November 7, 2013BusinessNo comments
  21. Cummins Power South has been named the official Cummins Power Generation distributor in the Bahamas and Turks & Caicos

    Cummins Power South just announced plans for expansion in the Caribbean as the official Cummins Power Generation distributor for the Bahamas and Turks & Caicos. Through a network of dealer and distributor locations in Florida, Georgia, Chattanooga, TN and parts of the Caribbean, Cummins Power South provides sales and service expertise for Cummins diesel engines, […]

    April 16, 2013Business, TechnologyNo comments
  22. Guardian Holdings Ltd Subsidiary “Fatum Holdings N.V.” Acquires Royal & Sun Alliance (Antilles) N.V Insurance Company

    Fatum Holdings N.V. (Fatum), today announced the acquisition by Fatum of 100% of the issued share capital of Royal & Sun Alliance Insurance (Antilles) N.V. from the RSA Group and Maduro & Curiel’s Bank. The financial terms of the transaction are not being disclosed at this time. The successful completion of this transaction is subject […]

    December 27, 2012BusinessNo comments
  23. Hold on Barbados! DOMLEC acquisition under deep Scrutiny…

    The agency charged with regulating electricity on the island has joined its voice in expressing concern over the manner in which it was informed of the acquisition of DOMLEC by a Barbadian company. It has also requested what it described as ‘urgent information’ on the matter, according to Executive Director of the Independent Regulatory Commission […]

    December 6, 2012BusinessNo comments
  24. Light & Power Holdings Ltd. of Barbados takes steps to acquire interest in Dominica Electricity Services Ltd. (DOMLEC)

    Light & Power Holdings Ltd. of Barbados has signed a letter of intent to acquire controlling interest in Dominica Electricity Services Ltd. (DOMLEC) from WRB Enterprises Inc. of Tampa, Florida. DOMLEC is the sole electric utility for the Commonwealth of Dominica, serving 34,000 customers. WRB owns 52% of DOMLEC, with 21% held by Dominica Social […]

    November 30, 2012Business, TechnologyNo comments