Antigua and Barbuda In Talks For Forty Percent Stake In Scotia Bank

(Antigua News Room) The Antigua and Barbuda government says it has received ‘positive” feedback to a proposal that would allow it to own at least 40 per cent of the Scotiabank branch here, which is being sold as part of several branches in the Caribbean to a Trinidad and Tobago-based financial institution.

Prime Minister Gaston Browne, speaking on his privately –owned radio station, said that his administration had put two options on the table with the Trinidad-based Republic Financial Holdings Limited (RFHL) regarding the sale.

“Our first position is that Antigua and Barbuda consortium comprising the government and a group of domestic banks should be given the first option to buy the Antigua Scotia branch.

Read more at: Antigua News Room

Source: Caricom Today