Flour mill buyout proposed

[NewsWhore]

The private sector owners of the flour mill on the banks of the Ozama River have made a purchase offer for the government's 50% stake in the business. This news was revealed to El Caribe by Vinicio Mella, the president of Molinos de Ozama board of directors. According to Mella, the mill needs to inject hundreds of millions of pesos in new infrastructure and equipment in order to keep its stake in the local and export markets. Mella said that the government is not currently in a position to provide the cash due to its social commitments in other areas. The mill exports flour to Haiti and Puerto Rico. The offer to purchase the government's shares was made by Dionisio Gutierrez, the president of the Corporacion Multi-Inversiones, Molinos de Ozama's parent company.

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