FESCO takes equity stake in WIP Energy

FUTURE Energy Source Company Limited (FESCO) has taken a minor equity stake in WIP Energy Limited as it expands its private equity portfolio.

According to Companies Office of Jamaica (COJ) records, FESCO acquired 147,692,852 ordinary shares of the fuel distribution company between March 2024 to March 2025. That represented 13 per cent equity in the company when it acquired its stake.

However, FESCO’s stake declined to 0.60 per cent as per the latest company records whereas WIP Energy’s number of shares moved from 1.14 billion units to 24.44 billion units. Its parent company WIPL saw its stake move 77.22 per cent to 97.92 per cent.