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Will coal plant IPO kick off Dominican Republic capital market reform?

Change is on the way for the Dominican Republic's capital markets, signalled by the sell-off of a national energy plant. On the back of this, investors are awaiting major financial reforms. Lucien Chauvin reports.
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Coal is not often associated with the development of capital markets, but a new power plant powered by the fossil fuel could mark a turning point for the Dominican Republic’s small exchange.

The government plans to take the $1.9bn Punta Catalina coal-fired plant public in the coming months, placing shares through the local bourse. The original plan was to float 49% of shares in the 752-megawatt plant, but the government announced in October that it was opting for 100%.

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