Dec 2019 Financial News

Ansa Merchant Bank Limited - Share Purchase Agreement to acquire Bank of Baroda (Trinidad and Tobago) Limited

Dec 12, 2019

On December 11th, 2019 ANSA Merchant Bank Limited, an 82.5% subsidiary of ANSA McAL Limited, entered into a Share Purchase Agreement with Bank of Baroda (in India) for the purchase of the 525,597 ordinary shares held in the Bank of Baroda (Trinidad and Tobago) Limited, representing one hundred percent (100%) of the total issued and outstanding shares.

The Share Purchase Agreement entered into is subject to regulatory approval and the fulfillment of certain conditions precedent, typical in share purchase transactions of this nature.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 12th December, 2019