THE FAIR TRADING COMMISSION (FTC) is flexing its muscle as the hostile takeover battle for control of local beverage conglomerate Banks Holdings Limited (BHL) intensifies.
In hand-delivered correspondence to BHL’s chief executive officer Richard Cozier last Thursday, the FTC’s director of Fair Competition Antonio Thompson warned the company that the quasi-judicial body was keeping a hawk’s eye on developments.
Brazilian beer giant AmBev, through its St Lucia-registered subsidiary SLU Beverages Ltd, and Trinidad-based ANSA McAL conglomerate are in a corporate duel for control of BHL, which owns Banks Breweries, the Pine Hill Dairy, Barbados Bottling Company, as well as two associated companies. (GE)
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