Feb 2018 Financial News

GraceKennedy Limited - Possible Merger between Globe Finance Inc and Signia Financial Group

Feb 14, 2018

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from GKC advising that in light of the article “Merger likely: Globe Finance and Signia sign letter of intent” published in The Barbados Today on February 08th, 2018, GKC wishes to confirm that Signia Financial Group Inc is exploring a potential merger with Globe Finance Inc pursuant to a non-binding Letter of Intent signed by the company’s respective shareholders. GraceKennedy Group has a 40% interest in Signia Financial Group which is based in Barbados.

The non-binding Letter of Intent was signed in November 2017 and is the basis of exploratory discussions of the feasibility of a merger of the two entities.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday February 14th 2018