Updated: 30-08-2024 - 12:00PM 6 9 CLOSED
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