DDL opts out of tendering for Enmore estate

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.

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.”

Ddl won't overpay

Cappo family in Enmore should Boycott DDL rum
drink XM instead !
DDL should buy Enmore estate

at what price