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Petcom Deal Closes

The sale of state-owned Petroleum Company of Jamaica Limited to Phoenix Fuels & Accessories Limited closed officially on June 30. Phoenix Fuels, headed by Colin Karjohn, has bought 100 per

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Petcom sold for J$2.3 billion

THE Development Bank of Jamaica (DBJ) yesterday announced that Petroleum Company of Jamaica Ltd (Petcom) has been sold to Phoenix Fuels and Accessories Limited for US$19 million ($2.3 billion). Petcom

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