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President Medina authorized the sale of all of the government’s entire stake in the tobacco company La Tabacalera

Santo Domingo.- President Danilo Medina on Monday authorized the sale of all of the government’s entire stake in the tobacco company La Tabacalera, through a call for tenders.

Though neither the Presidency’s Press Office nor the Legal Adviser had officially announced the measure, Executive order 345-14 was signed September 15.

Medina authorizes the State-owned Companies Fund (Fonper) to sell the Government’s 49.50% stake in the Tabacalera, whose main offices in Santiago had been shuttered for decades.

“There’s abundant scientific evidence of (tobacco’s) severe damage to human health, since it is associated with the emergence of cancerous tumors,” the executive order says as the motivation.

Source: DT

Category: DR News |

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Last updated March 30, 2017 at 10:54 AM
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