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Sep 1, 2015

PUP Disagrees with GOB’s Fortis Settlement

On Monday Prime Minister Dean Barrow announced a settlement with Fortis on the arbitrary 2011 acquisition of that company’s shares in B.E.L.  G.O.B. will be paying seventy million dollars to the Canadian company which will also get back thirty-three point three percent of shares in the company. At the time of acquisition, it owned seventy percent of the shares. The PM says it is the best possible deal for the company and for the country, but the People’s United Party disagrees. In a very lengthy press release issued today, the Opposition explains that it is glad that a settlement has been reached, but it comes at way too high a cost. The release accuses the Prime Minister of being a bully and acting in indecent haste…stating that, “he will force three readings and a passage in the House on Wednesday, approval of the Senate on Friday morning, and assenting buy the Governor-General and gazetting in the same afternoon. That is less than ninety-six hours to make a deal. On Monday next, the payment of seventy million will be made.” The P.U.P. calls on the PM to immediately disclose the real cost of the seizure of B.E.L. and the settlement reached, including legal costs. It closes by claiming that, “our economic and fiscal outlook has never been as unsafe and unsecure as it is today. We have become, thanks to the ‘Borrow’ administration, a debt slave nation.”

 

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1 Response for “PUP Disagrees with GOB’s Fortis Settlement”

  1. farmer says:

    preferential shares guaranteed 15% returns…..

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