Divestments

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The Government of Jamaica has mandated that the Factories Corporation of Jamaica Limited (FCJ) divests 15% of its non-performing assets to supplement the Government’s debt reduction strategy. FCJ has identified 20 properties for divestment. The combined total value of the properties identified for divestment is approximately $257M. Accordingly, the Corporation should be able to satisfy GOJ’s requirement to dispose of 15% of its total property portfolio from the highlighted properties.

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