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Regional company eyes Banks Holdings


Regional company  eyes Banks Holdings

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A BATTLE is brewing for the takeover of Banks Holdings Limited (BHL).

Sources in the financial sector have confirmed that a regional company with interests in the beverage industry is considering making BHL shareholders an attractive counter offer to better the $4 a share that SLU Beverages Ltd – the St Lucia-registered holding company owned by Latin American conglomerate, AMBEV SA – has put on the table.

There is also speculation that Barbadian conglomerate, Goddards Enterprises Ltd, could also be interested in making a bid.

These financial sources are therefore hoping that shareholders heed BHL’s board chairman, Anthony King’s appeal last Friday not to jump at the SLU offer.

Please read the full story in today’s Sunday Sun, or in the eNATION edition.