Shareholder monitors sale talks

By Lanuola Tupufia – Ah Tong ,

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One of the biggest local shareholders of the Bluesky Group is adamant that the sale of the company to Fiji government-controlled group, Amalgamated Telecom Holdings (A.T.H.) will have little impact on their investment.

Acting Chief Executive Officer of Unit Trust Samoa (U.T.O.S), Akenese Hansell, said whatever happens, U.T.O.S. will still maintain its shares in Bluesky Samoa Limited and Bluesky Pacific Holding Limited. 

U.T.O.S. holds 25 percent shares in Bluesky Samoa Limited and 26 percent share investment in Bluesky Pacific Holding Limited. 

 “The sale of Amper shares to A.T.H in the Bluesky group does not affect the relative shareholding investment of U.T.O.S in Bluesky Samoa Ltd and Bluesky Pacific Holding Ltd,” Mrs. Hansell said in an email. 

“U.T.O.S. is closely following the implications of the sale of Amper shares to A.T.H. to explore possible new investment opportunities in Bluesky Samoa Ltd and Bluesky Pacific Holdings Ltd. 

“The unit holders will be advised if and when the investment opportunities are secured.” 

In the meantime, the Office of the Regulator has made it clear  that the purchase will only be official when it is approved by the Regulator. 

Unutoa Auelua – Fonoti said the office has not received any official documents from the parties involved. 

Unutoa confirmed A.T.H. and Bluesky have met with her about their negotiations. 

“They have confirmed to me that they have been talking,” she said. 

“But in terms of what the terms of the purchase are, I have not seen any documentation. Those are information we need to look at first before a final decision can be made.” 

Bluesky’s parent company Amper SA had announced it accepted a binding offer to sell its South Pacific business, which includes the Bluesky Pacific Group, for US$79million (T$181m)to A.T.H.

© Samoa Observer 2016

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