Wednesday, March 23, 2016
WEHBY… there is strong potential for some Grace products to crossover from the ethnic category to mainstream
WHILE its aim to list on one or several of the exchanges in the world’s largest finance centres has shifted to a medium-term objective, GraceKennedy Ltd indicates that it is working on sensitising the international investment community about the company’s innate value.
Group CEO Don Wehby told the Jamaica Observer that extensive work has been done to identify preferred exchanges. In addition, he stated, “the executive has started to formally engage the international investment community to introduce the company to the leading global investment managers and share our historical performance and plans for the future”.
The food-focused conglomerate, which distributes its own manufactured products and other brands in more than 40 countries worldwide, achieved revenues of $77 billion in the 2014/15 fiscal year. Included in the group is a financial services division – inclusive of an investment advisory service – and a commercial bank.
Preferred exchanges being considered for listing are the New York Stock Exchange, NASDAQ, the London Stock Exchange and the Toronto Stock Exchange, the company head said.
Leave A Comment