Jamaica Producers Group Limited (‘JP’) and PanJam Investment Limited (‘PanJam’) have announced the successful completion of the amalgamation process, which was approved by the shareholders of both companies on December 22, 2022. The amalgamation agreement between the two Jamaican conglomerates, saw JP transfer its material businesses to PanJam in exchange for JP receiving a 34.5% ownership stake in PanJam.

With effect from April 1, 2023, PanJam will change its name to Pan Jamaica Group and will hold the combined businesses. Pan Jamaica Group will have assets of over J$100 billion and will leverage the strength of both groups of businesses to expand their reach and create new opportunities for growth.

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