Berger Paints Jamaica Limited (BRG) – Indirect offer to Purchase 51% of BRG

Posted: June 16, 2017 at 2:48 pm

Berger Paints Jamaica Limited (BRG) has advised that on June 16, 2017, it received a notice that Ansa Coatings International (ACIL), a subsidiary of the ANSA McAL Group (“ANSA McAL”) has entered an agreement with Berger International¬† Private Limited (BIPL), the parent company of Lewis Berger (Overseas Holding) Limited (a company incorporated in UK) (“LBOH), to purchase 100% of LBOH. ¬†LBOH owns 51% of the issued share capital in Berger Paints Jamaica Limited. The completion of the transaction is subject to completion of conditions as set out in the agreement between BIPL and ACIL.

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