Thursday, July 5, 2012

Barbados to sell of 30% of it stake in Ports and National Oil Company

The government of Barbados will float 30 percent of its stakes in the Barbados National Oil Company, the Grantley Adams International Airport, and the Barbados Port Authority, through an Initial Public Offering (IPO).

In announcing the IPO during his recent national budget presentation, Barbados Minister of Finance and Economic Affairs Christopher Sinckler said the sale of the shares would be undertaken in a way that would ensure broad ownership and “economic democracy and market

More details here...

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