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Sol has received no word from the FTC about its decision regarding the sale of BNTCL.
Barbados: November 24th, 2017 – SOL PETROLEUM (BARBADOS), (Sol) confirms that Sol has received no word from the Fair Trading Commission (FTC) about its decision regarding the sale of the Barbados National Terminal Company Limited (BNTCL). We are committed to respecting the FTC’s review process and we will issue a further statement once the FTC has completed its review process and a decision has been communicated to Sol.
We are confident that our proposal is the best deal for Barbados and we remain positive that the FTC will make a final determination regarding the sale that is in the country’s best interest. Regardless of the final FTC ruling regarding the transaction, our commitment to Barbados remains steadfast and we will continue to look for ways to respond to the needs of our valued stakeholders – the Barbadian people.