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View Full Version : Shell agrees to sell for US$110 million



NewsWhore
06-02-2008, 04:10 PM
Negotiations between the Dominican government, owner of 50% of the shares in the Dominican National Refinery (Refidomsa), and the Shell Company, the owner of the other 50% have concluded. According to several newspapers, the final price for the Shell holdings is placed at US$110 million that reportedly would be covered by earnings yet to have been received from the operation of the Refinery. According to DiarioLibre, the sale will be finalized within 90 days. Minister of Hacienda Vicente Bengoa said that the source of the money would be disclosed as the sale comes to a close.

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