Agostini Limited is waiting for regulatory approval of its bid to takeover Prestige Holdings, which generates over TT $1 billion in revenue annually.
The takeover would see Prestige Holdings, which owns 128 restaurants nationwide, come under the control of Agostini Limited.
Agostini it needs approval from the Fair Trade Commission to facilitate the transaction, and has extended its offer to Prestige shareholders to January 2026.
Agostini says it currently owns 96.9% of Prestige Holdings shares, well in excess of the 90% Minimum Target Shareholding required by law.
Agostini CEO Barry Davis said his company is eager to start integrating Prestige Holdings into their group to further its strategic aims.
Prestige Holdings owns franchises for KFC, Pizza Hut, TGI Fridays, and Starbucks.
