Hashtag: #AscendantSale

Govt’s Policy Directions: Possible Sale Of BELCO

Govt’s Policy Directions: Possible Sale Of BELCO

[Updated] Speaking in the House of Assembly today [March 22], Minister of Home Affairs Walter Roban provided an overview of the policy directions that he provided to the Regulatory Authority. This follows after the Ascendant Group — the parent company of BELCO — said they are “evaluating strategic alternatives, including the potential sale of... Read more of this article

ESTU Meets With Board Of Ascendant Group

ESTU Meets With Board Of Ascendant Group

The announcement that Ascendant is evaluating a potential sale of the company has “raised concerns about the future of the company and our members,” the Electricity Supply Trade Union said today, adding that they have met with the Ascendant Board and plan to further discuss the matter at a meeting today. This follows after the board of the... Read more of this article

‘Evaluating Alternatives, Including Potential Sale’

‘Evaluating Alternatives, Including Potential Sale’

[Updated] The Bermuda Stock Exchange has suspended trading of the common shares of the Ascendant Group — the parent company of BELCO — “pending an announcement by the Company.” In a statement this morning [Jan 28], the BSX said, “At the request of Ascendant Group Limited, the Bermuda Stock Exchange has suspended trading... Read more of this article