FTC in final review of BNTCL aquisition

FTC in final review of BNTCL aquisition
17 Nov
2017

The Fair Trading Commission is advising the public, the application for the proposed acquisition of the Barbados National Terminal Company Ltd, by BNTCL Holdings Ltd, is in the final stage of review.

The FTC says analysis of the substantive information, which has been submitted by the applicants and interested third parties, continues.

It adds that at various stages of the investigation, the parties requested extensions of varying lengths for the submission of additional information and in almost all cases, the Commission granted these requests.

On October 27th, the Commission heard further submissions from SOL and another party at a hearing that had been requested under the Fair Trading Commission Act.

The FTC says it will issue its final determination in the matter after its scheduled meeting on November 23rd.