MIAMI–(BUSINESS WIRE)–GB Group announces that it has concluded the sale of all of its interests in Distributeurs Nationaux s.a (DINASA). GB Group was a founding partner of the company when it acquired Royal Dutch Shell’s operations in Haiti in 2003. DINASA operates a retail network of gas stations under the NATIONAL brand and SODIGAZ, an affiliate that distributes liquefied petroleum gas throughout Haiti.
“We first want to express our gratitude to all the employees for their invaluable contribution and professionalism demonstrated over the years and wish them continued success in their careers and personal lives. We have been able to grow DINASA to be one of the most profitable companies in Haiti, and this transaction represents our desire and ability to capture the value of this growth. We are proud that our leadership was particularly critical at several key moments, such as the acquisition and integration of Texaco Haiti in 2009, and maintaining a steady supply and distribution of products after the disastrous earthquake of 2010. We also want to thank all our customers, suppliers and the financial institutions that have supported us throughout the years,” says Gilbert Bigio, GB Group Chairman.
During this time, GB Group has contributed management, industry expertise and international exposure allowing DINASA to become the largest distributor of petroleum products in Haiti.
The Group will continue to build upon its other energy assets in the Caribbean to remain one of the most important players in the region.
The Group also remains one of the largest investors in Haiti and continues to seek opportunities to promote companies that have a measurable social and environmental impact while providing adequate returns for shareholders.
“Our Board and management teams are delighted to be at this crossroad; our strategy and vision remain brighter than ever and the Group is well positioned to capture future expansion,” Mr. Bigio said.
About GB Group
GB Group is a leading, diversified group of industrial and trading companies in the Caribbean, with operations concentrated in Haiti, Dominican Republic, Jamaica and St. Maarten and offices in the United States. Comprised of 21 companies from seven different divisions including agriculture, construction, consumer goods, infrastructure, energy, logistics and trading, GB Group collaborates with more than 4,000 employees and embraces managers from more than 15 countries companywide. GB Group and its operating companies have strategic alliances and/or partnerships with some the world’s top business organizations. The company’s current endeavors include the $200 million Lafito Global project, which includes Port Lafito, Haiti’s first Panamax port. More information is available at gbgroup.com.