ANSA McAL, is set to appeal a ruling by high court judge, to lift an injunction which blocks the sale of Barbados’ largest beverage company, Banks Holdings Limited.

On Tuesday night President and CEO of ANSA McAL (Barbados) Nicholas Mouttet said the company will be joined by several other BHL shareholders who intend to bring a class action suit against BHL with a view to getting the 10 put option clause removed from the BHL/SLU agreement.

The controversial exit clause outlined in the 2010 agreement between BHL and St Lucia Beverages, has been a major bone of contention.

ANSA McAL and disgruntled shareholders argue that it gives slu, which is owned by Brazilian conglomerate AMBEV, an unfair advantage in the bidding process.