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Government to finalise Complant deal
The Government will this morning ink a deal with Chinese company, Complant International, finalising the sale of the country’s remaining sugar assets.
The Frome, Bernard Lodge and Monymusk sugar estates are being divested for US$9 million and an additional US$35 dollars per hectare per annum for the accompanying lands.
A signing ceremony is to be held this morning at the Office of the Prime Minister.
Complant will take over full control of the three sugar factories tomorrow.
The Government has moved to sell its sugar assets as part of efforts to cut debt-burdened assets.
The St. Thomas and Trelawny sugar estates have already been sold.
The Government will this morning ink a deal with Chinese company, Complant International, finalising the sale of the country’s remaining sugar assets.
The Frome, Bernard Lodge and Monymusk sugar estates are being divested for US$9 million and an additional US$35 dollars per hectare per annum for the accompanying lands.
A signing ceremony is to be held this morning at the Office of the Prime Minister.
Complant will take over full control of the three sugar factories tomorrow.
The Government has moved to sell its sugar assets as part of efforts to cut debt-burdened assets.
The St. Thomas and Trelawny sugar estates have already been sold.
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