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FTC okays sale of automotive companies

The Fair Trading Commission (FTC) has approved the sale of Barbados-based automotive companies Interamericana Trading Corporation (ITC) Barbados and Simpson Motors Limited to a major global player. However, in an effort to ensure the future survival of Barbados’ other automobile dealerships, the regulator has revealed that Inchcape International Holdings Limited will have to “notify the Commission if it plans to introduce any new brands to its portfolio of offerings that …

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