NewsWhore
09-06-2012, 02:40 PM
The Commercial and Civil Appeal Court has rejected an appeal by Baninter Clearance Commission of the Central Bank and Consorcio Energetico Punta Cana-Macao (CEPM) relating to the proposed acquisition of local cable TV operator Aster Communications.
CEPM had been selected as the winning bidder when the Central Bank put Aster's assets up for sale earlier this year, but the proposed US$27 million deal was annulled by a Dominican court in June when a rival buyer n Servicios Ampliados de Telefonos (Satel) n complained that it had been unfairly excluded from the bidding process. Satel had said it would be prepared to pay US$44 million for Aster, which had been the original reserve price placed on the cable company.
www.telegeography.com/products/commsupdate/articles/2012/09/05/cepm-fails-with-aster-sale-appeal/ (http://www.telegeography.com/products/commsupdate/articles/2012/09/05/cepm-fails-with-aster-sale-appeal/)
More... (http://www.dr1.com/index.html#10)
CEPM had been selected as the winning bidder when the Central Bank put Aster's assets up for sale earlier this year, but the proposed US$27 million deal was annulled by a Dominican court in June when a rival buyer n Servicios Ampliados de Telefonos (Satel) n complained that it had been unfairly excluded from the bidding process. Satel had said it would be prepared to pay US$44 million for Aster, which had been the original reserve price placed on the cable company.
www.telegeography.com/products/commsupdate/articles/2012/09/05/cepm-fails-with-aster-sale-appeal/ (http://www.telegeography.com/products/commsupdate/articles/2012/09/05/cepm-fails-with-aster-sale-appeal/)
More... (http://www.dr1.com/index.html#10)