There could be a change to the ownership structure of Ciboney Group later this year as the Financial Sector Adjustment Company (FINSAC) says it wants to dispose of its interest in the company.
FINSAC controls 72 per cent of Ciboney through Trumpton Limited, Crown Eagle Life Insurance Company Limited and Eagle Merchant Bank.
It has advertised its shareholding for sale.
Investors have been asked to submit offers on April 30 for the entire shareholding.
If FINSAC is successful in identifying a buyer, it is anticipated that the ownership will change hands within the first quarter of the new financial year which commences on June 1.
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