Trinidad & Tobago's Republic Bank has declined to comment on reports that it is among large shareholders in Trinidad Cement Limited (TCL) seeking to oust the board of the financially troubled cement company.
TCL is the parent company of Jamaican cement manufacturer, Carib Cement.
According to press reports, 18 of TCL’s major shareholders are trying to force out several members of the current board of directors.
Word is that the disgruntled shareholders want CEO Rollin Bertrand, Dr Leonard Nurse, Andy Bhajan, Bevon Francis and Brian Young removed as directors.
They have reportedly provided their own list of directors to immediately take control of the company.
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