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Mayberry sells Access Financial shares to Proven for almost $1 billion

Published:Wednesday | December 31, 2014 | 12:00 AM

Mayberry Investments Limited yesterday revealed it had sold more than 100 million units of its shares in Access Financial Services Limited at a value of $9 per share.

It is understood the units were sold to Proven Investments Ltd.

After an initial investment of J$38 million in 2006, Mayberry Investments boasted that it would earn approximately J$955 million (US$8.34 million) from yesterday's transaction.

"While we are happy to monetise the investment, we are now interested in finding new investments to deploy the proceeds profitably," said Gary Peart, CEO of Mayberry Investments.