Brief: Global Dominion To Sell Six Photovoltaic Plants In Dominican Republic
21/07/2025 07:15
July 21 (Reuters) - Global Dominion Access SA DOMI.MC: REACHES AGREEMENT TO DIVEST SIX PHOTOVOLTAIC PLANTS BUILT IN DOMINICAN REPUBLIC TO INVESTMENT FUNDS SOLAR PARKS VALUED AT $375 MILLION TRANSACTION REPRESENTS SALE OF 80% OF PROPERTY AT PRESENT TIME, REMAINING 20% WILL BE RETAINED BY DOMINION FOR THREE YEARS SALE OF THE 80% WILL GENERATE CASH INFLOW (EQUITY VALUE) OF $102 MILLION FOR THE COMPANY, OF WHICH $82 MILLION WILL BE PAID OUT IN 2025 DIVESTMENT OF THESE ASSETS, WILL NOT HAVE A RELEVANT IMPACT OVER GROUP'S RESULTS INVESTMENT FUNDS TO BUY THE ASSETS ARE MANAGED BY PIONEER FUNDS Y JMMB FUNDS, DOMINICAN 'SOCIEDADES ADMINISTRADORAS DE FONDOS DE INVERSIÓN (SAFI'S)' Source text: ID:nCNMC1QkPF Further company coverage: DOMI.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))