French West India Company
On 27 September 1650, Jacques du Parquet bought Grenada from the Compagnie des Iles de l'Amerique, which was dissolved, for the equivalent of £1160. In 1657, Jacques du Parquet sold Grenada to Jean de Faudoas, Comte de Sérillac for the equivalent of £1890. In 1664, King Louis XIV bought out the independent island owners and established the French West India Company. In 1674 the French West India Company was dissolved. Proprietary rule ended in Grenada, which became a French colony.