In a statement issued to the market today, FHL confirmed that the acquisition of BP SWP Ltd is going ahead.

FHL Managing Director, Mrs. Sereana Qoro said, "As announced to the market on 18th December 2008, FHL has approached a number of banks and financing institutions. This position has not changed and discussions are in progress to secure local and offshore funding."

Mrs. Qoro further added that the Reserve Bank of Fiji has been regularly briefed on the issue of funding.

FHL will update the market once these funding arrangements for the acquisition is finalized and formally executed, in the near future.