ENTERPRISE TEAM TO BE ESTABLISHED FOR DIVESTMENT OF NUTRITION PRODUCTS LIMITED

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Cabinet has ratified a decision proposing the establishment of an Enterprise Team to oversee the divestment/privatisation of Nutrition Products Limited NPL.

The entity, which falls under the Ministry of Education, Youth and Information, produces and distributes nutritious meals and snacks to schools islandwide, under a national nutrition programme.

Portfolio Minister, Fayval Williams, says in addition to ratifying the decision, Cabinet approved the Development Bank of Jamaica DBJ appointment as Transaction Managers to execute the divestment/privatisation transaction, in collaboration with NPL.

She made the announcement during the post-Cabinet digital media briefing, on Wednesday.