Home Tag "ANSA McAL Group"

ANSA Coatings International Issues Take Over Bid Circular For Berger Paints Jamaica Limited

ANSA Coatings International Limited a wholly owned subsidiary of ANSA McAL Limited has issued a take over bid circular to the registered shareholders of Berger Paints Jamaica Limited (BRG) to acquire 48.99% of the share capital of the Company being the remaining 104,990,171 issued ordinary shares of BRG at JMD10.88 or USD0.08485 per ordinary share […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

ANSA McAL acquires 80% of Berger Paints Trinidad, To Now Make offer For Remaining 20%

The ANSA McAL Group in a filing on the Trinidad and Tobago Stock exchange has announced that it has now acquired more than 80% of the shareholding of Berger Paints Trinidad Limited including the acquisition of 500,000 ordinary shares held by Chan Ramlal Limited on July 31, 2017. The company has further announced that it […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

ANSA McAL Takes Control of Berger Paints Jamaica

Berger Paints Jamaica Limited has advised that Trinidad and Tobago based Ansa Coatings International Limited indirect offer to purchase 51% of Berger Paints Jamaica Limited was completed on Monday July 24, 2017. Arising from this, Lewis Berger Overseas Holding who owns the 51% of the issued share capital in Berger Paints Jamaica Limited, is now […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Share Structure of the ANSA McAL Deal To Acquire Berger Paints Caribbean Operations

Berger Paints Jamaica Ltd. (BRG) has advised that on June 16 16, 2017, it received a notice that Ansa Coatings International Limited (ACIL), a subsidiary of the ANSA McAL Group (“ANSA McAL”) has entered an agreement with Berger International Private Limited (BIPL), the parent company of Lewis Berger (Overseas Holding) Limited (a company incorporated in UK) […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

UPDATED – Ansa’s Berger Caribbean Acquisition Not Expected To Include Berger Brand And Related Intellectual Properties -Antonio

Group Chairman and CEO of the ANSA McAL Group of Companies, Norman Sabga has indicated that his acquisition of Berger Paint’s operations in the Caribbean will further enhance the group’s position in the Caribbean architectural coatings market. Through this acquisition, we hope to address an expanded customer base with a broader suite of product offerings […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

ANSA McAL Group Pushing Ahead With New Investments Despite Two Set-Backs Which Impacted 2016 Results.

Trinidad and Tobago based ANSA McAL Group of Companies is celebrating its 135th anniversary and Norman Sabga, Group Chairman & Chief Executive is reporting another year of positive results with overseas operations continuing to grow earnings in all territories including: Barbados, Grenada, Jamaica, St Kitts and Nevis, Guyana and USA. Two acquisitions in 2016, Easi […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Two Set-Backs Have Negatively Impacted ANSA McAL Group 2016 Results By TT$76M – Sabga

Norman Sabga Group Chairman & Chief Executive of the Trinidad based ANSA McAL Group is blaming two set-backs which have negatively impacted 2016 results by TT$76M. A fire at their Carib Glass subsidiary resulted in the shut-down of one furnace impacting profitability by $38 million and an increased rate of corporate taxation resulted in a […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months