MAYBERRY Investments has increased its shareholding in Caribbean Producers Jamaica Limited (CPJ) to 20 per cent with a purchase of US$28 million in shares.
Up until June 2015, Mayberry was one of the top ten shareholders in CPJ, holding 26,830,229 shares. In a release to the public, chief executive officer of Mayberry, Gary Peart, noted that CPJ has shown tremendous growth, particularly since listing on the JSE’s Junior Market, and continues to demonstrate an ability to be creative and innovative in delivering a high level of service and support to Jamaica’s expanding tourism sector.
The transaction will enable Mayberry to have an increased stake in the growth of CPJ, which is now being touted as the largest purveyor to the hotel industry.
Published in the Observer
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