Kingston, Jamaica – After an eighteen month negotiation period, Supreme Ventures Limited finally inked the deal on the Caymanas divestment on Friday, February 10, 2017. The company submitted its bid in September 2015, with the government giving SVL the preferred bidder nod in March of 2016. Supreme Ventures’ tenure as the new operators of the entity begins on March 7, under the name Supreme Ventures Racing and Entertainment Limited, (SVREL). “I want to thank the members of the negotiating team for making today possible,” said SVL Chairman Paul Hoo in his remarks at the signing, held at the Ministry of Finance. He continued, “When the opportunity presented itself, it was natural for us to expand our portfolio into racing. We feel there are things that we bring to the table such as our distribution network, management and marketing expertise which has allowed us to build out a successful business.” It was a point underscored by Finance Minister, Hon. Audley Shaw, who called the divestment…
Comments
Post a Comment