National Commercial Bank Jamaica Limited (NCBJ) provides clarity around the issues raised regarding media articles focusing on the acquisition of a substantial stake in Guardian Holdings Limited. NCBJ advises that in November 2015 entered an agreement with the Lok Jack Family, the Ahamad Family and the IFC to purchase a 29.99% interest in Guardian Holdings Limited (GHL). At the time the Agreement was signed, the structure of the transaction was not yet decided. However, the agreement always contemplated that NCBJ might appoint a nominee to purchase the GHL shares.
National Commercial Bank Jamaica Limited (NCBJ) – Acquisition of Stake in Guardian Holdings Limited
- August 8, 2016
- 9:34 am
