The Jamaica Broilers Group has divested its JB Terminal operations at Port Esquivel to West Indies Petroleum Limited for US$4 million in cash and the takeover of US$18.5 million in liabilities owed to Jamaica Broilers Group.West Indies Petroleum Limited provides bunkering services to ships which call in Jamaican ports. The sales agreement was signed today between representatives of the Jamaica Broilers Group, West Indies Petroleum Limited and UC Rusal, operators of Windalco, which manages Port Esquivel. The sale includes ERI Services (St. Lucia) Limited as well as its 100 per cent owned subsidiary JB Terminal (Port Esquivel) Limited which operated the group’s ethanol business and tank farm at Port Esquivel. “This sale means that JBG is now fully aligned with our strategic plan to focus on our integrated poultry operations and to grow our business in Jamaica, Haiti and the USA. Also, we will release fixed assets from our balance sheet which was not operating at its full potential. In addition, we will have an infusion of cash and other assets which will further boost JBG’s extremely strong balance sheet,” said Ian Parsard, senior vice president of finance and operations at Jamaica Broilers Group. He noted that the sale is not expected to have a significant impact - negatively or positively - on the group’s profit and loss account.