BANKS HOLDINGS LIMITED (BHL) is no longer a Barbadian-owned company.
The iconic Bajan brand is now under the control of Brazilian beer giant AmBev, which for the past three months has been locked in a fierce takeover war with Trinidadian conglomerate ANSA McAL.
Yesterday, chairman of BHL, Anthony King, confirmed to the DAILY NATION that it was BHL’s Guyanese namesake – Banks DIH Guyana Limited – that sealed the deal for AmBev’s subsidiary SLU Beverages to get ownership of BHL.
He acknowledged that Banks DIH Guyana Limited sold the more than 6.5 million BHL shares it owned to AmBev last week in a trade worth more than $42 million on the Barbados Stock Exchange. The stock was sold at $7.10 per share. (GE)
Please read the full story in today’s Daily Nation, or in the eNATION edition.