Trinidad’s First Citizens Investment Services (FCIS) has bought into Barita Investments Limited, taking up five per cent of the company’s shares in the recently successful additional public offer (APO).
The Trinidad-based investment bank, which is a fully owned subsidiary of First Citizens Bank Limited, is now a minority shareholder in the Jamaican investment and brokerage firm. The disclosure of the acquisition was made by Barita on Monday last in a regulatory filing with the Jamaica Stock Exchange, where its shares are traded.
FCIS is a registered securities broker-dealer in the countries in which it operates, namely: Trinidad & Tobago, St Lucia, Barbados and St Vincent and the Grenadines. In its regulatory filing Barita reported that FCIS has total assets under management of approximately US$3.2 billion, which includes both proprietary and client assets, offers investment management products and services to its customers.
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