Trinidadian company Agostini Limited has announced that it has entered a share purchase agreement with Massy Group to acquire 100 per cent of pharmaceutical and consumer distribution company Massy Distribution (Jamaica) Limited (MDJL) through its subsidiary Caribbean Distribution Partners Ltd (CDP).
In a notice on the Trinidad and Tobago Stock Exchange Agostini stated, “This acquisition is strategic to the regional expansion of our group’s consumer products and pharmaceutical businesses.”
“This transaction is subject to regulatory approvals and the completion of the due diligence process. We will make a further announcement once the transaction is completed.”
