A transaction between Proman Holdings (Barbados) Ltd and CL Financial jefe Lawrence Duprey for the sale of Clico Energy’s shares - described as the crown jewel of the group - cannot be ratified, attorneys for the conglomerate and its subsidiary, Clico, are contending. In response to Proman’s appeal against a judge’s ruling which voided the
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PROMAN Holding (Barbados) Ltd has been given until January 9 to provide information sought by CL Financial (CLF) relating to the sale of Clico Energy to the energy company, ahead of an appeal of a judge’s reversal of the sale later that month.