NewsWhore
11-19-2007, 03:50 PM
The Shell Company is asking for US$183 million for its 50% stake in the Dominican refinery (Refidomsa), and the government wants to collect its money from the asking price. Shell received a US$183 million offer from the Coastal Group, and wants the government to meet that offer. The Minister of the Treasury, Vicente Bengoa, told reporters from Listin Diario that Shell owes the government US$41 million in taxes on the sale of its shares, plus another US$36 million in earnings withheld during the 2006 and 2007 fiscal years. According to Bengoa, these US$77 million will be discounted from the US$183 million, and the government will look for a loan to cover the remaining US$106 million needed to buy Shell's 50% stake in the refinery.
More... (http://www.dr1.com/index.html#10)
More... (http://www.dr1.com/index.html#10)