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)
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