WILLEMSTAD/PHILIPSBURG/ORANJESTAD – The Centrale Bank van Curaçao en Sint Maarten (CBCS) is currently exploring strategic options for Ennia Caribe Holding (Aruba) N.V. (ECHA) and its subsidiaries (Ennia Aruba).
These financially sound subsidiaries operate under the supervision of the Central Bank of Aruba (CBA). In this context, constructive discussions have taken place between the CBCS and the CBA regarding a possible transaction involving Ennia Aruba and protocols for information sharing throughout the transaction process.
On May 24, 2024, these discussions culminated in the signing of a Process Protocol between the CBCS, the CBA and (ECHA’s parent company) Ennia Caribe Holding N.V. (ECH).
In the coming months, the CBCS will explore strategic options for the Aruban operations of the Ennia Insurance Group, taking into account the interests of both Ennia Aruba and its policyholders, as well as those of the broader Ennia Group and its policyholders. Any change of control resulting from the above process will require the prior approval of the CBA.
The CBCS and the CBA will therefore work closely together in the coming months to ensure that this process is as efficient and effective as possible.
