Share Purchase Proposal To Barbados Now Official

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Prime Minister Gaston Browne says that he has written to his Barbados counterpart Prime Minister Mia Mottley on the LIAT restructuring plan.

An offer was made for Antigua and Barbuda to acquire the LIAT shares owned by Barbados, through a take-over of the liability of Barbados to the Caribbean Development Bank.

No reaction has yet been received.

LIAT is set to expand rather than be made smaller should Antigua and Barbuda’s plan go forward, the government has said.

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2 COMMENTS

  1. If it is a case that the PM has written to his “Caribbean Counterpart” and not “Caribbean Friend” then we have something in the making.

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