Pellerano & Herrera The Pellerano & Herrera Foundation

The acquisition of Shell’s shares will be made official next week

Published on:

Santo Domingo. The government will close the acquisition process of 50% of the Shell’s shares next week with the delivery of the assets. The announcement was made today at the National Palace by the Secretary of Finance, Vicente Bengoa, after meeting with President Leonel Fernandez. “Next week we will close the operation for the acquisition of Shell. We already have the assets, we will convene a press conference next week to inform about the definite closing of the sale of shares”, said Bengoa.

The government will pay Shell 110 million dollars for 50% of the shares the company has in the Dominican Petroleum Refinery. The acquisition of shares was negotiated by Cesar Pina Toribio, Marino Vinicio Castillo, Abel Rodriguez del Orbe, Mariano German y Viriato Sanchez in representation of the State. Shell’s committee was represented by Rafael Maradiaga, Charles Marrion, Anne Deborah Langier and Luis Rafael Pellerano.



Source: Diario Libre

How can we help?

Please, let us know. Your inquiries or comments will be responded to as soon as possible.
Message sent. We've received your inquiry and someone from our team will follow up with you as quickly as possible. Message not sent. An error ocurred. Please, send us an email to ph@phlaw.com
The use of this form for communication with the firm or any individual member of the firm does not estabilish an attorney-client relationship.