BTL Chair Cites Confidentiality Amid Transparency Questions

As questions mount over the lack of public disclosure, BTL Chairman Markhelm Lizarraga says the company is bound by strict confidentiality agreements and insists details will only be made public once negotiations are finalized.

 

Markhelm Lizzaraga, Chairman, BTL

“Because some people in the press have access to information that is not always accurate, we thought it best to try and bring you the real facts today. The process continues and when that process comes to an end, we will be coming back to you all. Now, you must appreciate that a transaction of this nature has to be private. You’re talking about private companies engaging in negotiations. BTL is a private company. The companies we’re dealing with are private. And you have what you call NDAs, non-disclosure agreements, which bind us, and I wish the press would be subjected to some NDAs as well, but directors of our company, directors of our company, including ourselves, we are bound by our NDAs. So we can’t discuss these things. What we can discuss are the results. And I’ve taken this liberty today to share with you the process so that you can hopefully appreciate it and put a positive spin to it. But we promise, and we have promised all of you as individuals, that when this process is complete, we’re going to be coming back to you with what has transpired. But other than that, it’s hard for us to say more. And I hope you understand and respect that.”