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Rubis wants half


Rubis wants half

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RUBIS EASTERN CARIBBEAN is prepared to shell out US$50 million for joint ownership with the Sol Group for the Barbados National Terminal Co. Ltd (BNTCL).

Sol, through its St Lucian-registered subsidiary BNTCL Holdings Limited, has offered US$100 million for ownership of the state-owned BNTCL which operates the country’s main oil storage facility.

At a press conference yesterday to discuss the controversial acquisition by BNTCL Holdings, chief executive officer of Rubis Eastern Caribbean, Mauricio Nicholls, revealed that he was given the go-ahead to make such an offer during a call earlier that morning with top officials from Rubis headquarters.

If accepted, Nicholls said thedeal could be completed as earlyas next month. (SDB Media)

Please read the full story in today’s Daily Nation, or in the eNATION edition.