The Antigua & Barbuda government has met with an unnamed investor regarding its plans for the purchase of the government shares in the Caribbean Union Bank.
In 2016, the government invested an estimated EC$30 million into the bank, making it the largest shareholder in the financial institution that was founded in 2005 by the Executive Corporate Holdings Inc.
At that time, Prime Minister Gaston Browne defended the decision of his administration to invest in the CUB, saying the acquisition of the bank is of strategic interest to the government, as opposed to a bailout.
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