Dominican Republic sales

The government of the Dominican Republic has sold 50 per cent stakes in three electricity distributors in an international competitive bidding process. Winning bids were put forward by Spain`s Union Fenosa and AES of the USA.

AES is to acquire 50 per cent of Empresa Distribudora Electrica Este for $109.3m, while Union Fenosa Acex will buy 50 per cent of both Empresa de DistribuciĆ³n Sur and Empresa de DistribuciĆ³n Norte for $212m.