‘Sagicor should return’
BARBADIAN FINANCIAL CONGLOMERATE Sagicor Financial Corporation is being given a gentle prod to return its holding company to Barbados.
The company, which has an asset base in excess of US$6 billion and revenue of US$1 billion, decided to relocate its head office out of Barbados last year after almost 175 years operating here, following the downgrade of the island by international rating agencies.
But Acting Prime Minister Richard Sealy (right) wants to see the company come back home.
Addressing top executives and other guests at Sagicor’s 175th anniversary cocktail reception Tuesday night, Sealy said: “While we understand decisions have to be taken in the interest of protecting the shareholders . . . we sincerely hope that when you go where you are free to go, where you feel you need to go, you are free to come back home any time.” (GC)
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