PDA

View Full Version : Banks clarify position on Aerodom



NewsWhore
01-22-2009, 06:00 PM
The participation of a pool of banks in the purchase of the Dominican Airports Consortium Siglo XXI (Aerodom) consisted only of securing financing for the Advent International company through a joint loan.
This explanation was given by Scotia Bank, Banco Popular Dominicano, BHD Bank and Leon Bank in a statement issued with the idea of clearing up claims in several media outlets that said that these banks had purchased shares of the Aerodom Consortium at a cost of US$400 million.
Diario Libre says the information was attributed to a statement made by the director general of Aerodom, Rodolfo Salgado Leyva, during conversations with reporters who cover Las Americas International Airport. According to this information, a pool of Dominican banks was involved in the acquisition of shares in this company through Advent International.
"We must clarify that Scotia Bank, Popular Dominicano, Banco BHD and Leon did not acquire any Aerodom shares. These banks' role in this operation consisted only of financing the acquisition of Aerodom by Advent International through a syndicated loan, headed by Scotia Bank," assured the statement.
They said that the Dominican banks that were involved in the operation did so as borrowers in the execution of the operation, in keeping with the country's banking regulations.

More... (http://www.dr1.com/index.html#10)