Colm Imbert

Finance Minister: Colm Imbert

MINISTER of Finance, Colm Imbert, yesterday issued a licence under the Foreign Investment Act was issued to NCB Global Holdings Ltd (NCBGHL), paving the way for the local subsidiary of the Jamaican banking group NCB to acquire up to 74,230,750 shares in Guardian Holdings Ltd (GHL), a local public company.

In a statement yesterday, Imbert said he welcomed the direct foreign investment in T&T’s financial services sector, “especially by a company with Caribbean connections”.

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NCB’s acquisition of the 74.23 million shares will take it from a 29.99 per cent stake in GHL to about 62 per cent of the insurance company that is headquartered in Westmoorings.

The Finance Minister also wished all concerned all the best in their future endeavours.

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