State­ment on Par­tial Di­vest­ment of Shares in Bank of St. Vin­cent and the Gre­nadines

The Star (St. Lucia) - - LOCAL -

East Caribbean Fi­nan­cial Hold­ings Lim­ited (ECFH) an­nounces the di­vest­ment of a por­tion of its shares in the Bank of St. Vin­cent & the Gre­nadines Lim­ited (BOSVG), re­duc­ing its share­hold­ing from 51% to 20%.

As ad­vised at the An­nual Meet­ing of ECFH share­hold­ers on May 18, 2017, ECFH will be in­ject­ing the pro­ceeds from the par­tial di­vest­ment of its St. Vin­cent-based sub­sidiary as cap­i­tal into Bank of Saint Lu­cia.

Not­with­stand­ing the re­duced share­hold­ing, the in­sti­tu­tions will main­tain a strate­gic part­ner­ship and will there­fore con­tinue to work to­gether to ad­vance the fi­nan­cial sec­tor in their re­spec­tive ter­ri­to­ries, and the wider Eastern Caribbean Cur­rency Union.

Newspapers in English

Newspapers from Saint Lucia

© PressReader. All rights reserved.