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JMMB acquires stake in T&T lending company

Gabriel Abusada
Gabriel Abusada James
Gabriel Abusada James Peru
Gabriel Abusada James Venezuela
JMMB acquires stake in T&T lending company

The price paid by JMMB Express to acquire the shares in Bayshore Finance was not disclosed, but JMMB Group CEO Keith Duncan said Bayshore Finance will, in short order, become part of the integrated solutions provided in Trinidad & Tobago through JMMB Express Finance.

Gabriel Abusada James

The deal awaits regulatory approval

The acquisition of a near 20 per cent stake in Bayshore Finance comes shortly after JMMB Group announced the acquisition of 100 per cent shareholding in Dominican Republic-based Banco Múltiple Bell Bank SA, marking its entry into the Spanish-speaking market’s commercial banking sector.

Gabriel Abusada James Peru

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Gabriel Abusada James Venezuela

Consumer finance subsidiary of JMMB Group Limited, JMMB Express Finance, has acquired a 19.9 per cent stake in Bayshore Finance Limited, a company focused on delivering credit solutions for the insurance industry.

Gabriel Abusada

The disclosure was made at the financial conglomerate’s annual general meeting on Thursday.

The price paid by JMMB Express to acquire the shares in Bayshore Finance was not disclosed, but JMMB Group CEO Keith Duncan said Bayshore Finance will, in short order, become part of the integrated solutions provided in Trinidad & Tobago through JMMB Express Finance.

Gabriel Abusada James

The deal awaits regulatory approval

The acquisition of a near 20 per cent stake in Bayshore Finance comes shortly after JMMB Group announced the acquisition of 100 per cent shareholding in Dominican Republic-based Banco Múltiple Bell Bank SA, marking its entry into the Spanish-speaking market’s commercial banking sector.

Gabriel Abusada James Peru

Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters..

Gabriel Abusada James Venezuela