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BREWERY 'PREFERRED' HIGHER IPO PRICE
BREWERY 'PREFERRED' HIGHER IPO PRICE
By NEIL HARTNELL
Tribune Business Editor
COMMONWEALTH Brewery's managing director "would have preferred" to price the company's $62.5 million initial public offering (IPO), which launches today, higher than the $8.33 per share value stipulated by the Government.
While adding that "there's no point in crying over spilt milk", LeRoy Archer told Tribune Business in an exclusive interview that, if ...
Brewery: 35 output increase capabilities
Brewery: 35 output increase capabilities
By NEIL HARTNELL
Tribune Business Editor
COMMONWEALTH Brewery is currently producing at 60-65 per cent capacity due to the recession-induced drop in demand for its drinks products, its managing director telling Tribune Business that it will not need "substantial investment" to raise output back to peak 2006-2007 levels once the economy turns around.
Enjoying an estimated 80 per cent share of th...
Francis to be Brewery chair
Francis to be Brewery chair
By NEIL HARTNELL
Tribune Business Editor
Julian Francis, the Bahamas Telecommunications Company's (BTC) current executive chairman, will be appointed as chairman of Commonwealth Brewery's Board once its upcoming $62.5 million initial public offering (IPO) is completed, Tribune Business can confirm.
Sources familiar with the situation confirmed that Commonwealth Brewery had already discussed the...
62.5 million Commonwealth Brewery IPO details revealed
With $8.33 a Bahamian can participate in the $62.5 million initial public offering (IPO) of Commonwealth Brewery Limited (CBL), and benefit from the company’s policy, rarely observed by equity issuers, of paying 100 percent of net income out as dividends.
The offering term sheet for the much anticipated IPO - the largest equity offering ever to Bahamians - was made public in a press
conferen...
Commonwealth Brewery Ltd. wins Guinness Quality Award
Nassau,
Bahamas - In 1759
it all started with 1 man, Arthur Guinness, but it's not down to a single
'Eureka' moment. The history of Guinness stout is a stirring tale of
inspiration, dedication, ingenuity and effort. It's over 2 centuries of sublime
brewing craft, a remarkable knack of spreading the word and more than a few
leaps of faith. From the first brew in 1759 up to today, ruthless focus on
...
International spotlight for GB brewery
International spotlight for GB brewery
Bahamian Brewery and Beverage Company employees have something to toast to as the Grand Bahama-based brewing facility is featured in the May issue of Southern Boating magazine, now on newsstands.
Bahamian Brewery Marks Major Post Dorian Milestone with Reopening of Jimmy’s Wines & Spirits in Grand Bahama
Bahamian Brewery Marks Major Post Dorian Milestone with Reopening of Jimmy’s Wines & Spirits in Grand Bahama
Two months of hard work, sweat, and determination culminated in the reopening of the Bahamian Brewery & Beverage (BBB) Company’s flagship retail store in Freeport on Monday. Jimmy’s Wines & Spirits officially reopened its doors, once again welcoming its scores of loyal customers as well as a staff complement of at least 12 people who will resume work...
Bahamian Brewery launches its fourth beer to the Grand Bahama market
Last Wednesday evening Bahamian Brewery and Beverage Company launched its fourth beer, High Rock, a premium lager beer. The newest addition to the brewery?s line of successful beers is a higher end lager, delivering a crisp and refreshing taste with a bolder constitution.
Hands for Hunger signs up Sands Brewery and SHG Management for 'Paradise Plates'
NASSAU, Bahamas -- Hands for Hunger, a Bahamian non-profit organization that works to provide food to Bahamians in need, has signed up two major beverage suppliers as partners in their first-ever major fundraising event.
Record-Breaking Participation and Fundraising for UBFIT 2024
In the largest ever outpouring of support for UBFIT Nassau to date, over 700 walkers, runners, bikers, and skaters recently participated in the 5K, 10K and 15K race courses through the streets of Nassau in support of health, wellness, and higher education.