TTNGL – Then and Now
This week, we at Bourse discuss the now-open Additional Public Offering (APO) of TTNGL. In the Mid-year budget review, the Honourable Minister of Finance indicated that The Government of the Republic of Trinidad and Tobago (GORTT) would make an offer for an additional sale of its shareholding in TTNGL, through its nominee, The National Gas Company of Trinidad and Tobago Limited (NGC). A total of 40,248,000 class B shares is being offered to the public at a price of TT$21.00 per share. We review the performance of TTNGL and its investee company – Phoenix Park Gas Processors Ltd (PPGPL) – since its Initial Public Offering in 2015.