BSI SUGAR FACTORY NOW HAS 5 INTERESTED BUYING PARTIES

PRIME MINISTER ANNOUNCES THERE ARE NOW 5 INTERESTED PARTIES IN BUYING THE BSI SUGAR FACTORY, WHICH IS GOING INTO BANKRUPTCY THE END OF THIS MONTH.

He is not going to interfere, but will let the market forces work itself out. He did offer to the Sugar Cane Farmers the government´s 10% of shares, if they can arrange the money, in order to enable them to get majority shares. This is unlikely to happen though, as BSI employees do not want to SELL their shares. They would have to issue new shares and dilute their holdings though. If they go into bankruptcy, they will lose their shares anyway. Or get pennies on the dollar from any receivership resale.