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Ryland Campbell eyes big JA$2B payout as retirement draws near
Campbell said he has had offers in the past, which have not panned out, but is now inclined to cede control of the company, saying the change in the economic environment was forcing changes on companies like his own.
Now inclined to cede control of the company, saying the change in the economic environment was forcing changes on companies like his own.
Ryland Campbell, group president and the largest shareholder of the Capital and Credit Financial Group (CCFG), at 43 per cent with an estimated value of just under JA$2B
Ryland Campbell, group president and the largest shareholder of the Capital and Credit Financial Group (CCFG), at 43 per cent with an estimated value of just under JA$2B could be eying an early retirement nest egg.
Confirming reports that he is willing to sell or forge a strategic alliance, he made one clear condition for such a deal,” The investor must “have deep pockets” and the potential to advance the operations of the group.”
“What we are looking for is somebody with a deep pocket and some reach that could take controlling interest of Capital and Credit to help us with the move forward or buy it out if that is the case,” he told shareholders at a recent AGM.
Aside from Campbell the other big shareholders likely to secure big payouts are Andrew Cocking with about 14 per cent, and National Insurance Fund, 21 per cent.
Campbell said he has had offers in the past, which have not panned out, but is now inclined to cede control of the company, saying the change in the economic environment was forcing changes on companies like his own.
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