Regional firm seeks majority share in largest financial services company in the Cayman Islands

Nigel Baptiste, President of Republic Financial Holdings Limited (RFHL). File photo

PORT OF SPAIN, Trinidad — Republic Bank TT (Barbados) Ltd (RBTTBL) – a wholly-owned subsidiary of Republic Financial Holdings Ltd (RFHL) – on Friday signed “an implementation agreement” with Cayman National Corporation Ltd to with the aim of becoming the majority shareholder of the largest financial services company in the Cayman Islands, Trinidad Newsday reported.

“The agreement is for RBTTBL to make an offer to acquire a minimum of 51 percent and up to 74.99 percent of the shareholding of Cayman National. The offer was made on September 14, by way of tender offer, to the Cayman National shareholders at US$6.25 per Cayman National share,” RFHL said.

In the same statement, RFHL…

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