THE Fair Trading Commission (FTC) is yet to make a final decision on the SOL/Barbados National Terminal Company Limited merger. This has been stated by Mrs. Sandra Sealy, CEO of the FTC.
She was responding to a weekend press report which suggested that the Commission had rejected the merger.
Sealy said yesterday that the Preliminary Findings Report (PFR) referred to in another section of the Press was sent to the Applicants only.
She also said that the Applicants were required to respond to the PFR by June 30, 2017 and had subsequently requested and given additional time to submit their responses.
“The Commission will analyse these responses before making its final determination on this matter, following which the Applicants and the public will be notified,” the CEO added.
It is the latest development on the matter. Government said it wanted to sell the BNTCL in order to raise at least US$100 million to shore the country’s net international reserves and to lower the fiscal deficit.