Caribbean conglomerate sold | Caribbean Life

Photo by George Alleyne

A SOL fuel station in Barbados.

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A Barbadian-owned Caribbean company, SOL Investments, that has a footprint spanning across the region is about to change hands, ceding controlling ownership to a Canadian concern for US$1.21 billion.

Though it will retain day-to-day administrative responsibility over 23 enterprises that it owned, SOL’s sale, which is pending regulatory confirmation, means that control of this Caribbean company goes to Canada-based Parkland Fuel Corp.

Built up by entrepreneur Barbadian Kyffin Simpson over 13 years SOL is now regarded as a regional fuel processing and supply and giant, touching almost all territories of the Caribbean.

“Our fuels, lubricants, LPG products and…

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