Banks DIH Limited says its recent sale of shares in Barbados beverage conglomerate Banks Holdings Limited (BHL) was both “financially and commercially advantageous” and will increase shareholder value.
In a press release issued yesterday, Banks sought to clarify the sale, which was seen as key to a takeover of BHL by Brazilian beer giant AmBev, and it noted that its directors were guided by financial and legal advisors.
Banks sold its shares to SLU Beverages, a subsidiary of AmBev, for B$7.10 per share, which was
