A year after Banks DIH (BDIH) Chairman Clifford Reis announced that the company’s sale of shares in Barbados beverage conglomerate Banks Holdings Limited (BHL) to Brazilian AmBev Group of Companies would see the company getting access to manufacture almost two dozen more beer brands, he reported to shareholders yesterday that the process was not as easy as planned.
“We have had discussions with AmBev but it was not as easy as planned… we are still going through various levels of approval. We have to go through Mexico, Brazil, New York and it is not easy to get information,” Reis said in response to a request for an update at the company’s Annual General Meeting yesterday at Thirst Park.
