Bridgetown.
Deloitte Consulting Ltd, the judicial manager of CLICO International Life (CIL) is exploring the option of selling the company to repay policyholders.
A source told Trakker News that Oliver Jordan of Deloitte in his next update to the court will advise that he is seeking a buyer for CIL. This development comes after Jordan travel across the region to get the Eastern Caribbean Currency Union governments to invest money in CIL.
He had put four options rescuing the company on the table, all requiring various levels of financing from regional governments, ranging from $56 million to $152 million.
"Having not been able to get Caribbean governments to put money into CIL because they just dont have it, the judicial manager manager wil be going back to the court to indicate that he is looking for a buyer", The source said.
