Saturday, April 20, 2024

FTC awaits merger reaction


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PEOPLE with concerns about the possible fallout from the proposed merger of the Barbados National Terminal Company Limited and the St Lucian-owned BNTCL, will shortly have a chance to share their views with the Fair Trading Commission (FTC).

The utilities regulator said yesterday it had received official applications from BNTCL Holdings Limited (a subsidiary of Sol St Lucia Ltd) and the Barbados National Oil Company Limited (BNOCL), on January 30 and 31, respectively, outlining their requests for permission to merge the Barbados National Terminal Company Limited (a subsidiary of BNOCL) and BNTCL Holdings Limited.

“The commission is reviewing the proposed merger in order to determine if the transaction would adversely affect competition or be detrimental to consumers or the economy,” the FTC said in a statement yesterday. (AB)

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


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