Berger Takeover Complete – Trinidad’s Ansa McAL Now Controls Barbados, Trinidad & Jamaica

The takeover of Berger Paints across the Caribbean by Trinidad’s ANSA McAL Limited is now complete.

ANSA McAL Limited (“ANSA McAL”) advised that;

Further to their announcement in June 2017, they have now completed the acquisition of 1,869,805 ordinary shares in Lewis Berger (Overseas Holdings) Limited (“LBOH”), representing 100% of the shareholding in LBOH, a private limited company incorporated under the laws of England & Wales with effect from July 24, 2017.

Ansa Coatings International Limited, a subsidiary of the Ansa Mcal Group has purchased 100% of the issued and outstanding shares of Lewis Berger (Overseas Holdings) Limited (LBOH).

LBOH is the owner of:

• 3,613,011 ordinary shares in Berger, representing 70% of the shareholding of Berger. Ansa Coatings International Limited is now the indirect holder of 70% of the share holding of Berger Paints Trinidad Limited.
• 376,000 equity shares, representing 100% of the shareholding of Berger Paints Barbados Limited, a company incorporated under the laws of Barbados;
• 109,332,222 equity shares, representing 51% of the shareholding of Berger Paints Jamaica Limited, a publicly listed company incorporated under the laws of Jamaica.