Rica becomes first Dominican company to issue local shares

The Superintendence of the Securities Market announced Pasteurizadora Rica, the leading manufacturer of milk and juices in the Dominican Republic, becomes the first local company to sell stock in the Dominican Securities Market (BVRD). In the resolution dated 5 April 2019, the Superintendence approves the first issuing of equities in the Dominican Republic. A RD$8 billion trust fund for the public offering of stocks will be managed by Fiduciaria Universal, S.A. and sold by Inversiones Popular S.A. and CCI Puesto de Bolsa, S.A.

The company was authorized to sell up to 40% of the shares of the Pasteurizadora Rica, said Securities Superintendent Gabriel Castro.

Read more in Spanish:
Superintendence of Securities

9 April 2019