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  7. DDL opts out of tendering for Enmore estate

DDL opts out of tendering for Enmore estate

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03 Nov 2018 03:00 #366416 by chairman
DEMERARA Distillers Limited (DDL) on Friday announced that after much deliberation, it has decided not to submit a bid for the Enmore Sugar Estate at this time.

The company’s statement comes one day after the Special Purpose Unit (SPU) of the National Industrial & Commercial Investments Limited (NICIL) announced that the tender for the sugar estates, under a process managed by PricewaterhouseCoopers (PwC), was closed on October 31, 2018.
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03 Nov 2018 03:00 #366417 by chairman
There was an expectation that DDL would have tendered for the Enmore Estate; and in fact, DDL invested considerable time and financial resources in a due-diligence process to determine the level of investment required to turn around the Enmore Estate, DDL said in a statement.

“As a responsible corporate citizen, DDL was clearly interested in the preservation of the sugar industry in Guyana, because it is deeply rooted in who we are as a nation and as a people. Moreover, the sugar industry is seen as inextricably linked to DDL’s rums, for which the value of participating in the industry’s survival is crucial to preserving those links.”
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04 Nov 2018 08:55 - 04 Nov 2018 08:56 #366429 by chairman
Ddl won't overpay
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Last edit: 04 Nov 2018 08:56 by chairman.

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04 Nov 2018 13:47 #366437 by ketchim
Cappo family in Enmore should Boycott DDL rum
drink XM instead !
DDL should buy Enmore estate

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05 Nov 2018 11:30 #366466 by chairman
at what price
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  7. DDL opts out of tendering for Enmore estate
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