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T&T conglomerate ANSA McAL Ltd is seeking to raise US$15.31 million through the sale of shares in the Barbadian company, Roberts Manufacturing Ltd, which is preparing to list on the island’s stock market next month.
ANSA McAL and Jamaica’s Proven Group Ltd now own 49.50 per cent and 50.50 per cent of Roberts Manufacturing, respectively.
The current owners of Roberts are selling part of their holdings and are expected to receive a combined US$30.16 million from the sale of ordinary shares priced at US$0.50 or BB$1.00 each.
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