Petroleum marketing company, Regency Petroleum is looking to go public as a means to raise capital to expand business operations.
GK Capital Management which is the investment and advisory subsidiary of GraceKennedy Limited (GK) will be spearheading this initiative as its main financial advisor in this pursuit.
Sources close to Gk Capital, stated that they are looking at the possibility of Regency Petroleum listing on the Jamaica Stock Exchange (JSE) sometime later this year.
Regency Petroleum started distributing LPG cylinders and has over time expanded into other areas such as creating a retail division of petroleum products specific to gasoline and diesel fuel.
“Our current focus is developing the automotive petroleum segment of our business, and an injection of capital will fuel our strategic plans,” opined Andrew Williams, CEO of Regency Petroleum, in a company release.
This is a company that will definitely attract the eyes of investors who will be looking to invest in a company that has a lot of future potential.
