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Financial News

Jan 2013 Financial News

NCBJ - Proposed Acquisition of AIC Finance Limited

Jan 04, 2013

National Commercial Bank Jamaica Limited has informed the Stock Exchange that NCB Capital Markets Limited signed an Agreement for Sale with AIC Financial Group Limited, the sole shareholder of AIC Finance Limited. The proposed acquisition price is approximately TT$15 million, subject to adjustment based on AIC Finance Limited’s final audited financial statements. The transaction is pending regulatory approval in both Trinidad and Tobago and Jamaica.


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday January 4, 2013