Wednesday, April 4, 2012

Gov't approves JMMB offer to take over Capital and Credit - News - Latest News - Jamaica Gleaner

Gov't approves JMMB offer to take over Capital and Credit - News - Latest News - Jamaica Gleaner: "The Minister of Finance and Planning has granted approval for Jamaica Money Market Brokers Limited (JMMB) to proceed to make a formal offer to the shareholders of Capital and Credit Financial Group (CCFG) to acquire the shares of that entity.

The minister has also indicated his intention to grant approval under section 21 of the Financial Institutions Act, subject to acceptance of the formal offer by CCFG shareholders and JMMB’s satisfaction of certain pre-requisites. "

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