Saint Lucia Distillers Limited
Saint Lucia Distillers Limited which is owned by CLICO Holdings has been sold, according to reports.
A French group called GBH Groupe Bernard Hayot has secured ownership of the company.
Reports are that the business was sold sometime last week at US$37 million.
Thousands of CLICO Holdings policy holders are awaiting compensation, after their saving were lost.
The United Workers Party (UWP) has urged government to put systems in place to protect the many policy holders.
“I am inquiring from the government whether in fact they have put any process in place to have any monies held in an account, in order to protect the many policy holders from CLICO,” Political Leader of the UWP Allen Chastanet told St. Lucia News Online (SNO) in an exclusive interview on October 27, 2015.
Government has said it fully understands the anxieties of policyholders of CLICO who were adversely affected by the collapse of the former insurance company.
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