Imbert: No decisions yet to sell Long Circular and Trincity Malls

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    Trincity Mall

    No decision has been taken yet to sell Long Circular and Trincity Malls according to the Finance Minister.

    Today at the post-cabinet media briefing Mr Colm Imbert deemed a newspaper article, which claims the process of selling the properties has begun, to be inaccurate.

    He says the only thing to have started is valuation of the malls owned by CL Financial subsidiary, Home Construction Limited.

    Mr Imbert notes that it is not a good time to sell the assets given the impact of COVID-19.

    CL Financial/CLICO remain indebted to the State following their bailout in 2009.

    Assets from the company are being used to cover that debt.