Government will soon know just how much money it will make from the sale of its national oil company to the St Lucia-based Sol.
That’s because the Fair Trading Commission (FTC) has finally made a decision on the regional company’s acquisition of the Barbados National Terminal Company Limited (BNTCL), even though it won’t be made public just yet.
If everything goes as planned, however, the sale is expected to provide Government’s foreign exchange reserve levels a boost of $100 million from the acquisition based on figures presented by Minister of Finance Chris Sinckler in his May 30 Budgetary Proposal
The FTC’s information specialist, Nekalia Hutchinson-Holder, said the final decision on the acquisition was made at a meeting last Thursday. (BA)
Please read the full story in today’s Sunday Sun, or in the eNATION edition.