DR1 Daily News - Dominican Republic

AES Corporation announced a strategic alliance with Grupo Linda and the Popular Investment Fund Administrator (AFI Popular). The two leading Dominican business groups are now partners in AES Dominicana through one of the funds managed by AFI Popular, the Grupo Popular financial group subsidiary.

The transactions include selling 10% of the shares for operations in AES Dominican Republic to the local groups Linda (5%) and AFI Popular (5%), respectively. Grupo Linda is purchasing 20% of the AES Colón energy complex owned by AES Corporation.

The acquisition of 5% by AFI Popular will be made effective through the participation of the Popular Closed Fund for the Development of Companies, Sivfic-042, a member of the Dominican Stock Market since 2019.

Since 2014, AES launched a long-term strategy to incorporate local partners that support the expansion and...