Apr 2015 Financial News

RBL - Signing of Purchase and Sales Agreement with RBC Financial (Caribbean)

Apr 02, 2015

Republic Bank Limited (Republic Bank) announces that on 31st March, 2015 it executed a purchase and sale agreement with RBC Financial (Caribbean) Limited for Republic Bank to acquire RBC Royal Bank (Suriname) N.V. through the purchase of Royal Overseas Holdings (St. Lucia) Limited at an estimated cost of US$39.8 million.

While this transaction is anticipated to be finalised within a few months, Republic Bank advises that the completion of same is subject to both parties obtaining all regulatory approvals.

Jacqueline Quamina
Corporate Secretary/General Counsel

April 2, 2015

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday April 2, 2015