The Commercial and Civil Appeal Court of Santo Domingo in the Dominican Republic has rejected an appeal filed by Baninter Clearance Commission of the Central Bank and Consorcio Energetico Punta Cana-Macao (CEPM) regarding the proposed acquisition by CEPM of local cable TV operator Aster Comunicaciones. CEPM had been selected as the winning bidder when the Central Bank put Aster’s assets up for sale earlier this year, but the proposed USD27 million deal was then annulled by a Dominican court in June this year when a rival buyer – Servicios Ampliados de Telefonos (Satel) – complained that it had been unfairly excluded from the bidding process.
Originally posted here:
OVETEL CEPM fails with Aster sale appeal
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