Republic holding in Cayman National Corporation passes 87%
A Trinidad and Tobago regional banking giant’s stake in Cayman National Corporation (CNC) has passed 87% after it made an offer to take over all remaining shares and take complete control.
Republic Financial Holdings has upped the amount of ordinary shares it has in the business from 74.98% to 87.17% – an increase of 12.19% – after its US$82 million offer closed at the end of last month.
The news means that Republic can move ahead to delist CNC from the Cayman Stock Exchange, a regulatory requirement once the percentage of shares available to trade in Cayman fell below 25%. For a more complete summary of the story, please see the below link:
Published on: Aug 07, 2025 01:49 PM