T&T’s pub­licly list­ed, di­ver­si­fied group, ANSA McAL, an­nounced yes­ter­day that it had en­tered in­to an agree­ment to sell its ma­jor­i­ty share­hold­ing in Bry­dens Re­tail Inc. and Bry­dens Xpress (Of­fice Sup­plies) Inc. to Green­bow Inc, a Bar­ba­di­an com­pa­ny led by Gra­ham Greenidge and Sean Boland, two long-stand­ing ex­ec­u­tives of the busi­ness.

The trans­ac­tion is the sec­ond di­vest­ment an­nounced by the group this month. On No­vem­ber 3, ANSA McAL dis­closed that it had en­tered in­to an agree­ment to sell Stan­dard Dis­trib­u­tors to­geth­er with its whol­ly owned sub­sidiary, Stan­dard Dis­tri­b­u­tion and Sales Bar­ba­dos, to Term Fi­nance (Trinidad & To­ba­go). This trans­ac­tion re­flects ANSA McAL’s com­mit­ment to strate­gic port­fo­lio op­ti­miza­tion while com­ple­ment­ing Term Fi­nance’s ac­quis­i­tive growth agen­da across the re­gion.an­nounce­ment

In its news re­lease yes­ter­day, ANSA McAL said the change in own­er­ship forms part of ANSA McAL’s broad­er 2X strat­e­gy, which fo­cus­es on port­fo­lio op­ti­mi­sa­tion and dis­ci­plined in­vest­ment in growth ar­eas across the group.