Re­pub­lic Fi­nan­cial Hold­ings Ltd (RFHL) has ex­pand­ed its share­hold­ing in Cay­man Na­tion­al Cor­po­ra­tion (CNC).

In a no­tice post­ed on Trinidad and To­ba­go Stock Ex­change, RFHL states its of­fer to ac­quire the re­main­ing non-con­trol­ling in­ter­est in CNC ex­pired on Ju­ly 29, 2025.

The no­tice stat­ed, “Fol­low­ing the ex­piry of the pe­ri­od for ac­cept­ing the of­fer and CNC’s ex­tra­or­di­nary gen­er­al meet­ing on Au­gust 8, 2025, RFHL now holds 86.91 per cent of the is­sued share cap­i­tal of CNC via its whol­ly owned sub­sidiary Re­pub­lic Bank Trinidad & To­ba­go (Bar­ba­dos) Lim­it­ed.”

On May 30, 2025, RFHL through its whol­ly owned sub­sidiary Re­pub­lic Bank TT (Bar­ba­dos), made a cash of­fer for a min­i­mum of 13,035 to a max­i­mum of 10,596,483 or­di­nary shares, rep­re­sent­ing 0.03 per cent to 25.02 per cent of the en­tire is­sued or­di­nary share cap­i­tal of CNC at an of­fer price of US$7.75 cash per share.

Re­pub­lic had pre­vi­ous­ly held 74.98 per cent of CNC’s is­sued share cap­i­tal.

Re­pub­lic had pur­chased 54 per cent of CNC in 2018. Since then, RFHL’s Cay­man Is­land as­set has be­come the fi­nan­cial hold­ing group’s sec­ond largest gen­er­a­tor of net in­ter­est in­come, be­hind its op­er­a­tions in T&T.