Wallenford Divested to AIC in $4 Billion Deal
The Government-owned Wallenford Coffee Company has been divested to AIC International Investment Limited (AIIL) in a deal valued at just over $4 billion. AIIL is a subsidiary of Portland Holdings Inc., which is owned by local businessman, Michael Lee-Chin. Managing Director of the Development Bank of Jamaica (DBJ), Milverton Reynolds, outlined the details of the divestment on Wednesday, September 18,...






