'Serious' Bahamas groups assess City Markets deal

Thu, Mar 29th 2012, 10:00 AM

By NEIL HARTNELL

Tribune Business Editor

CITY Markets' principal yesterday said "two very serious" Bahamas-based players were now assessing the possible acquisition of the struggling five-store supermarket chain, describing them as "some of the most respected business people in this town and business".

Mark Finlayson, head of the Finlayson family-owned vehicle, Trans-Island Traders, which holds the 78 per cent majority stake in City Markets' operating parent, Bahamas Supermarkets, told Tribune Business he would probably have closed a deal to sell control on Monday had it not been for the emergence of Bahamas-based interest.

Describing himself as "very confident" t ...

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