BHL take-over target
BARBADOS’ largest drinks company could be on the verge of falling totally into foreign hands.
SLU Beverages Ltd, the St Lucia-registered company which helped finance the construction of Banks Holdings Limited’s (BHL) new brewery at Newton, Christ Church, more than five years ago – and in the process became BHL’s single largest shareholder – wants to take over the company which owns Banks Breweries, Pine Hill Dairy, Barbados Bottling Co. Ltd and Banks Distribution Ltd.
Yesterday, SLU spent $52.6 million in a Barbados Stock Exchange (BSE) “block trade” purchase of 13.1 million BHL shares at $4 each – reportedly from second largest shareholder Massy Holdings Ltd.
Please read the full story in today’s Midweek Nation, or in the eNATION edition.