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Petcom bids extended

Published:Tuesday | June 30, 2015 | 3:20 PM

Prospective investors in Jamaica's third-largest petroleum marketing company have more time to submit their bids.

Development Bank of Jamaica has pushed back the date from June 30 to noon on August 18.

Investors are bidding for state-owned Petroleum Company of Jamaica's 14 LPG filling stations and 24 gas stations. Government appointed a six-member committee in early April 2015, headed by Professor Edwin Jones, to oversee the divestment.

neville.graham@gleanerjm.com