Pan Jamaica Group plans to divest around $6 billion in listed equities and funds, aiming to shift away from assets with unpredictable cash flows.
The company, which currently holds $37.6 billion in capital, saw a 6% return on capital in 2024, up from 4.2% in 2023, but still below pre-pandemic levels of 21.7%.
The capital will be redirected into ventures with more stable earnings to boost returns.
CEO Jeffrey Hall highlighted that Jamaica Producers Group, which merged with Pan Jamaica in 2023, has historically achieved its 15% average return on capital.
All feeds
