Republic Seeks Bigger Barbados Stake

Republic Seeks Bigger Barbados Stake

Caribbean Trinidad & Tobago Barbados M&A

Continuing its Caribbean expansion, Republic Bank plans to buy the 35% stake it does not already own in Barbados National Bank. Trinidad & Tobago-based Republic aims to have the deal completed by the end of December, its general manager for treasury, Roopnarine Singh, tells LatinFinance. The stake is worth around $100m equivalent, he adds. Republic will fund the deal with cash on hand. The remaining stake is owned primarily by the government, along with some minority shareholders. Acquiring Barb

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