A look back at when Endesa and Punta Cana agreed to sell 40 percent of their shares in CEPM SA
It was another large buyouts in the power generation market when Endesa and Punta
Cana agreed to sell 40 percent of their shares in CEPM SA. The key purpose of that
buyout process was to concentrate more on the power generation market in the Spain
and other places around the European Union, and that decision also came from France.
Citi Special Situation financed the transaction amount required for that buyout purpose,
and Rafael Benavente, the Director in charge of that business deal cared responsible to
take the financing part. “This is a landmark transaction for local entrepreneurial group
led by Rolando Gonzalez Bunster, who will now help steer the company in the right
direction for growth in the area” said by Rafael Benavente.