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CLICO Assets will not be nationalized, Says Finance Minister- arguing it was never part of the deal.

CLICO Assets will not be nationalized, Says Finance Minister- arguing it was never part of the deal.

0912-NWS-WEB-COLM-IMBERT_0

Finance Minister, Colm Imbert.

The Finance Minister has indicated that CLICO assets will not be nationalized. Touching on the issue during an interview last evening, Minister Colm Imbert said many have gotten the wrong impression when it comes to government’s plans to recoup its bailout monies.
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The minister sought to clarify the situation, noting that the companies owned by Colonial Life will be sold as part of the bailout agreement.
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He said there was never any intention to nationalize these companies. He said Republic Bank and Angostura would possibly be sold or placed on the stock exchange.
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Finance Minister, Colm Imbert.

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