SOMERS LIMITED

SOM.BH
End-of-day quote. End-of-day quote  - 08/12
18.01USD +5.94%

Provident Holdings Ltd completed the acquisition of Bermuda Commercial Bank Limited from Somers Limited (BER:SOM.BH) for $72.8 million.

07/21/2021 | 12:00am
Christopher Maybury entered into an agreement and plan of merger to acquire Bermuda Commercial Bank Limited from Somers Limited (BER:SOM.BH) on November 19, 2020. Completion of the transaction is subject to a number of conditions including regulatory and Governmental approvals. Provident Holdings Ltd acquired Bermuda Commercial Bank Limited from Somers Limited (BER:SOM.BH) for $72.8 million by a combination of cash and a loan facility provided by Somers to Provident. All conditions relating to the sale of Bermuda Commercial Bank Limited (?BCB?) have been fulfilled. Provident Holdings Ltd completed the acquisition of Bermuda Commercial Bank Limited from Somers Limited (BER:SOM.BH) on July 21, 2021.
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