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After 80 years in business, Standard Distributors Limited will close its retail operations following the sale of the company by ANSA McAL Limited to Term Finance Holdings Limited.
In a statement, ANSA McAL confirmed it has “entered into an agreement to sell Standard Distributors Limited and its Barbados subsidiary, Standard Distribution and Sales Barbados Limited, to Term Finance Holdings Limited.”
The Group said the move reflects its “ongoing commitment to long-term portfolio alignment and disciplined growth” under its 2X Strategic Agenda.
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