Deal between CIBC and GNB Financial Group Limited quashed
over 4 years in St.Lucia The Star
(CIBC FirstCaribbean International Bank)- Canadian Imperial Bank of Commerce (“CIBC”) today announced that the transaction that would have seen GNB Financial Group Limited acquire a majority stake in FirstCaribbean International Bank Limited (“FirstCaribbean”) will not proceed as the transaction did not receive approval from FirstCaribbean’s regulators. “While this transaction would have supported FirstCaribbean’s long-term growth […]
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