Sagicor Financial is now an associated company of JMMB Group, following JMMB’s acquisition of over 33 million shares in Sagicor Financial representing a minority stake of 22.5 per cent.
JMMB purchased the shares from Canadian entity Alignvest, by way of a private placement. The transaction totaled CA$332.1 million.
JMMB can now nominate two directors to serve on the board of Sagicor.
The nominees are Chairman of the JMMB Group Archibald Campbell and CEO Keith Duncan.
comments powered by Disqus
.jpg)
All feeds
