Mavis Bank bid deadline extended
The Development Bank of Jamaica Limited (DBJ) on Friday announced the extension of the deadline for the submission of bids for the privatisation of Government’s interest in the Mavis Bank Coffee Factory Limited (MBCF) from Friday, 11 February 2011 to Friday, 04 March 2011.
DBJ managing director Milverton Reynolds said the Bank is extending the deadline because of the “overwhelming interest by potential investors who have asked for additional time to facilitate the completion of critical due diligence in the submission of their bids,” said the DBJ in a release.
Government is seeking investors to acquire its interest in MBCF and who will undertake the financing, development, operation and management of the business.
The DBJ is requesting that interested parties should submit written proposals in the manner prescribed in the Information Memorandum document, which is available at a cost of US$1,000.
MBCF is located in the Blue Mountains of Jamaica and is the largest processor of the world famous Jamaica Blue Mountain Coffee. MBCF is also a seller of a variety of roasted products under its signature Jablum label.
