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Monday, 19 February 2018 11:47

Permell Concerned Over GHL Takeover

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Financial Activist, Peter Permell, says the man on the street should be concerned about the takeover of Guardian Holdings by Jamaica-based NCB Financial Group.

NCB aims to double its stake in Guardian Holdings Limited from 29.99% to 62%, but has offered a lower price than it paid for its initial investment in the company.

The final deal has been postponed to Friday February 23rd.

Mr. Permell says on the surface the regional integration is a good thing for CARICOM and the free market.

He notes that the man on the street can be affected if the Jamaican company decides to raise the rates on the products currently being offered or if it decides to consolidate its current staff complement.

Read 141 times Last modified on Monday, 19 February 2018 18:34
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