DR1 Daily News - Dominican Republic

The Superintendencia del Mercado de Valores (SIMV) approved on 6 April 2022 the Dominican Republic’s first common stock issuance. The placement is made by César Iglesias by BHD León Puesto de Bolsa and Inversiones Popular – Puesto de Bolsa.

César Iglesias is a company with over 100 years of history, close to 3,000 employees and more than 60 mass consumer brands. It is now the first business to offer its shares for sale to the general public.

“This was achieved thanks to the result of a strategic renovation, planned and executed during the last five years,” said César Iglesias’ chairman of the board, César Armenteros Iglesias.

At the placement, Minister of the Presidency Lisandro Macarrulla said: “This is a transcendental step forward for our evolution as a nation that aspires to occupy a leading position among the main economies of Latin America.” Macarrulla highlighted the...