Nov 2020 Financial News

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

Nov 26, 2020

LEGAL NOTICE
PURSUANT TO SECTION 64 (1)(b) OF THE SECURITIES ACT, 2012
 

By Notice dated 12^th December, 2019, ANSA McAL Limited (“the Company”) announced the acquisition of 100% of the shareholding of Bank of Baroda (Trinidad and Tobago) Limited by Ansa Merchant Bank Limited, an 82.5% subsidiary of the Company. The transaction is subject to regulatory approval and the fulfilment of the certain conditions precedent typical in shares purchase transactions of this nature.

We are pleased to confirm that the approval of the Central Bank of Trinidad and Tobago was granted with effect from 20^th November, 2020. We shall provide a further update upon completion of this transaction.

By Order of the Board
 

Frances Bain-Cumberbatch
Corporate Secretary
11th Floor, TATIL Building,
11 Maraval Road
Port of Spain, Trinidad, W.I

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday 26th November 2020