JAMAICAOBSERVER.COM: "PORT OF SPAIN, Trinidad (CMC) - The Patrick Manning Government yesterday announced a major bailout package to assist the Trinidad-based conglomerate, CL Financial Group, out of serious financial trouble.
Under a memorandum of understanding (MOU) signed between the parties, the Government will provide funding to the company in exchange for collateral and an equity interest in the Colonial Insurance Company (CLICO)."
Under a memorandum of understanding (MOU) signed between the parties, the Government will provide funding to the company in exchange for collateral and an equity interest in the Colonial Insurance Company (CLICO)."
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