Despite the government’s unwavering pledge to recapture a majority stake in BTC, Prime Minister Perry Christie confirmed that executives have no intention to let go of the lion’s share in the company.
A successful turnover of BTC’s shares was a major promise of the PLP in the lead up to the 2012 general election. They remained fixed on the initiative despite growing criticism that the move would not bode well for the country’s fiscal situation or reputation among foreign investors.
He said the discussions with government appointed representatives and the company had up to this point failed to reach a definite conclusion.
