TDB/Grace, Kennedy – Sale of Shares

Posted: December 14, 2000 at 12:00 am

TDB and Grace, Kennedy have entered into an agreement for sale of shares dated December 13, 2000, which if completed will transfer all of TDB’s shareholdings in Trafalgar Commercial Bank Ltd. to Grace, Kennedy Ltd. Grace will therefore become the 100% shareholder of TCB. The agreement is subject to the approval of the Minister of Finance & Planning under the Banking Act.

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