Government sells shares in C&W

25 Sep 2007

The government of St Kitts & Nevis has sold its 17% stake in Cable & Wireless (St Kitts & Nevis) back to the parent company, Cable & Wireless (West Indies) as part of its wider privatisation strategy. According to the terms of agreement, the government will sell its more than five and a half million shares back to Cable & Wireless, with 5% of the total to be listed on the local bourse as soon as possible. Cable & Wireless (West Indies) will pay approximately USD6.41 per share.

Saint Kitts and Nevis, Cable & Wireless (UK), Flow (Saint Kitts & Nevis)