As internet customers vie for cheaper online alternatives, internet service providers are courting media companies to own some of the content delivered on their network…in a bid to remain competitive. A merger would come at a pivotal time in the … Continue reading →
On Wednesday November 18, 2015, when over J$3 billion was exchanged for 229.7m Dolphin Cove shares, it became very obvious that a major move had been made for the Jamaican-born tourism company. The only person capable of making such a … Continue reading →
Desnoes & Geddes Limited, makers of Jamaica’s famous Red Stripe Beer is being taken over by Heineken International as they now have a controlling stake in the company. Diageo (headquartered in London) which had a controlling stake in the company … Continue reading →
Sagicor Real Estate X Fund Limited is pleased to announce that it proposes to undertake a rights issue of up to 598,134,700 new ordinary shares on the basis of two (2) new ordinary shares for every five (5) ordinary stock … Continue reading →
Jamaica’s Norman Manley International Airport, based in Kingston is being divested by the government. The airport is currently going through a bidding process and a heavy-weight group of investors are one of the forerunners to run the airport. Continue Reading →
The Sagicor Group, through it’s Sagicor X Fund subsidiary has made another real estate acquisition. Sagicor, which currently owns 3 hotel on the north coast and are in the process of developing a mega water park project, have now added a major coup to their real estate arsenal. Continue Reading →
The GraceKennedy Group CEO, Don Wehby, has announced that subsidiary, First Global Holdings Limited (FGH), has entered into an agreement dated April 24, 2014 for the sale of its 100% shareholding in First Global Financial Services Limited (“FGFS”) to Proven … Continue reading →
Techcrunch reports that ‘Facebook is purchasing messaging giant WhatsApp for $16 billion in cash and stock, according to a regulatory filing. The deal is being cut for $12 billion in Facebook shares, $4 billion in cash and an additional $3 billion in restricted stock units (RSUs) for employee retention.’ Continue Reading →
Sagicor to establish new group structure Sagicor Life, Sagicor Investments (formerly Pan Caribbean Financial Services), and Sagicor Bank are to be merged into a super-powerful entity which will become the new Sagicor Group.
Kingston Jamaica based York Pharmacy, which was sold in late 2012 is now repositioning itself as a 24-hour operation. The Jamaica Gleaner reports;
York’s General Manager Newton Ramdial says new owners of the pharmacy, Serron Pharmaceuticals Limited, whose seven shareholders comprise medical doctors and other partners, are repositioning the pharmacy as a 24-hour operation with more services. Continue Reading →
Yahoo to be hip again Qz reports, Yahoo CEO Marissa Mayer has made her first major move to try to make Yahoo cool again. The Wall Street Journal reports that Yahoo’s board today approved a $1.1 billion deal to acquire … Continue reading →
It has been confirmed by multiple sources that the current rock star of short-form blogging, also known as tumblogging, tumblr, is in talks with Yahoo re some partnership or an all out acquisition. Without repeating much of the speculation out … Continue reading →
Jamaica Money Market Brokers (JMMB) is in the process of closing a deal to increase its share ownership giving it full control of the Intercommercial Bank Limited (IBL), a small commercial bank in Trinidad and Tobago. Continue Reading →
Kingston Wharves Limited (KWL) has acquired the stevedoring operations of Shipping Services (Stevedoring) Limited for some $122 million in an effort to expand and improve the range of services it offers to shipping lines that call at the Port of Kingston. Continue Reading →
For 90 years, Shell has remained the most ubiquitous name on service stations across Jamaica, but that era is coming to an end. In less than 13 months, the brand which now graces 52 stations will disappear from Jamaica.
The Board of Directors of Lascelles deMercado & Co. Limited (LAS) has advised that it has received a signed Take-Over Bid Circular from Campari Espana SL stating its intent to acquire 100% of the ordinary shares and 100% of each … Continue reading →
Campari’s CEO Bob Kunze-Concewitz’s (Amateur) Video On the Lascelles deMercado Acquisition
Bob Kunze-Concewitz, Chief Executive Officer of Davide Campari-Milano SpA and his team releases a hurriedly put together promotional video about it’s Lascelles deMercado acquisition. Obviously they are proud of their investment and are happy to get the news out – however this video is certainly lacking. Bob can be seen quite often looking at the prompter for the words and he even pauses quite a few times as he reads what’s written.
We wish you all the best Campari, but you will certainly have to do a lot better in your releases.
Sept. 3 (Bloomberg) — Bob Kunze-Concewitz, chief executive officer of Davide Campari-Milano SpA, talks about the company’s acquisition of Lascelles deMercado & Co., the Jamaican maker of Appleton rum, and the outlook for the spirit industry. He speaks from Milan with Manus Cranny on Bloomberg Television’s “Last Word.” (Source: Bloomberg)
Deal to be paid in cash. Appleton, Wray and Nephew and Coruba brands sold
The Financial Times, Reuters, Bloomberg and a number of new sources including the Gleaner have reported that 81.4% of Jamaica’s Lascelles is being sold to Italy’s Campari for US$414.8 million or around 330 million Euros. Continue Reading →
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