ANSA McAL has become a minority shareholder in the Bahamian Brewery & Beverage Company Ltd (BBBCL).
In a notice on the T&T Stock Exchange yesterday, the company confirmed it had successfully completed its definitive share purchase agreement, which was started on November 14, 2022, with the Bahamas company.
The notice stated, “On April 21, 2023, ANSA received final regulatory approval from the Central Bank of the Bahamas to proceed with the acquisition of an equity interest in BBBCL. Accordingly, all regulatory approvals for the above transaction have now been obtained.
“We are therefore pleased to announce that upon completion of the transaction, ANSA McAL will become a proud shareholder of BBBCL.”
Prior to the completion of this deal, the BBBCL was a 100 per cent Bahamian-owned and operated company that first started operations in 2007 with its first brew; Sands beer.
The beer was named after Jimmy Sands the owner/CEO of the company.
According to the company’s website, the brewery has gone through four major expansions since 2007.
The brewery produces nine different brands: Sands, Sands Light, Sands Pink Grapefruit Radler, Sands Passion/Guava Radler, High Rock Lager, Strong Back Stout, Sixty Six Steps Ale, Bush Crack Malt Beer, and Triple B Malt non-alcoholic.
ANSA McALl, which is listed on the T&T Stock Exchange, is the parent company of Carib Brewery.