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Regulators stall Agostini's bid to acquire Massy Distribution (Jamaica)

 
Regulators have stalled Agostini's bid to acquire Massy Distribution (Jamaica).
 
Both Jamaica and Guyana's Fair Trading Commissions are conducting a second review to determine whether the deal could lead to anti-competitive practices.
 
Concerns are being raised about significant overlaps between Agostini's Jamaican subsidiary, Aventa Jamaica, and Massy Distribution, especially in the supply of key pharmaceutical products. 
 
Meanwhile, Agostini's takeover of Prestige Holdings has been delayed yet again, this time until October 21.
 
Regulators say the extra time is needed for further reviews and shareholder participation.
 


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