May 2025 Financial News

NCB Financial Group Limited - Notice of Expiration of Share Purchase Agreement

May 09, 2025

NCB FINANCIAL GROUP LIMITED ANNOUNCES EXPIRATION OF AGREEMENT FOR SALE OF INTEREST IN CLARIEN GROUP LIMITED

NCB Financial Group Limited (NCBFG) announces that the Share Purchase Agreement executed on June 11, 2024, with Cornerstone Financial Holdings Limited (Cornerstone), a privately held company organised in Barbados, for the sale of 30.20% of its stake in Clarien Group Limited (Clarien) has expired with the parties not extending the agreement.

Clairen remains a subsidiary of NCBFG domiciled in Bermuda. It currently owns one of the leading financial institutions in Bermuda which offers an array of banking, wealth and asset management services and intends to maintain its focus on providing enhanced value to its customers.


 

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday 9th May 2025