There is a saying that “everything has a price.”
It’s that saying that seems to accompany conversations surrounding the question of whether or not the Grand Bahama Port Authority is being sold.
But rumors on the streets for a while in Grand Bahama was that a group from Abu Dhabi was interested in buying the Grand Bahama Port Authority, and those rumors seemingly brought even more validity to the sale of the Port.
However, in recent weeks the focus has shifted from the Abu Dhabi group, to a group which presently holds the majority shares in the Grand Bahama Power Company, Emera Inc.
Sources close to the Abu Dhabi group confirmed that this group was no longer in the race for the purchase of the Port, which left the possibility of Emera getting into talks about the possibility of them being able to purchase the Port.
While sources within the Public Relations Department at Emera did not come out and directly say that they have interest in buying the Port Authority, they did say that they are always looking at new investments and would not turn down an opportunity if it presented itself. However, they would not make any confirmation on a definite sale, stating that any announcements to be made would be done in a public forum with no private releases.
