Luis Abinader: Confidence in the Government sponsors investment and fosters employment

The President of the Republic, Luis Abinader, assured that the confidence that his Government has given so far this year has led to a better investment climate, which generates more job opportunities.

The president spoke during the presentation of the eALYON company, a multi-Latin and multi-sector platform powered by Goldman Sachs, the leading international investment bank, for DIESCO Industries, owned by Manuel Diez Cabral.

The transaction aims to accelerate the regional expansion of DIESCO, ALYON’s industrial arm, through a contribution of US $ 275MM that includes preferred shares of US $ 113 million from the Goldman Sachs Asset Management’s West Street Strategic Solutions fund.

“As you can see, it is a first level team, with the backing of a giant like Goldman sachs and with an operations center, the Dominican Republic. This, if you allow me to highlight, are the best ingredients to develop a project of success and unlimited growth, “said the president.

The presentation of ALYON and the announcement of the alliance with Goldman Sachs, and with it a new business platform, was held at the Garden Tent of the Ambassador Hotel, in the presence, in addition to the President of the Republic, of Alex Harris, Vice President of Private Investments, Goldman Sachs Asset Magnament, businessmen, diplomats and investors from both firms.

Goldman Sachs is one of the world’s largest investment and securities banking groups, owns $ 2.3 trillion in assets and provides financial services to corporations, financial institutions and investors in more than 30 countries, Abinader said.

In an act called “Eyes on the future” the transaction in DIESCO marks a milestone for a company with Dominican capital, with a view to continuing its regional expansion, said Diez Cabral, president and CEO of DIESCO and ALYON.

“ALYON is a new business ecosystem made up of DIESCO, which is its industrial packaging and beverage division with operations in the Dominican Republic, Puerto Rico and Colombia, serving more than 25 countries; its capital division, Advanced; its real estate projects unit, Interra; and its participation in the area of ​​education and social investment through Barna Management School, said Cabral.

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He explained that they have created a new multilatina platform, as a result of a trajectory of business excellence of almost 60 years and in addition, this transformational transaction is an endorsement of the optimistic future of the Dominican Republic and the region.

Alex Harris, vice president of private investments at Goldman Sachs Asset Management, highlighted that the investment in DIESCO represents an opportunity to support the industrial and consumer beverage platforms established in Latin America and continue to drive their growth throughout the region. The investment will also allow DIESCO to add additional innovation in environmental, social and governance initiatives.

“DIESCO’s growth is a direct reflection of the talented management team and its more than 1,500 employees who have demonstrated resilience and vision to overcome obstacles and pioneer business development in the region,” said Harris.

"We are proud to help accelerate the growth of the DIESCO value platform and continue its development within the countries where the company operates."added.

Diez Cabral expressed that the birth of ALYON accelerates its vision of business expansion, with the commitment to continue supporting social, economic and environmental development in the countries where it has a presence, inspired by its noble purpose of: Building opportunities and transforming lives.

ALYON will have the experience of top-level companies such as Polyplas Dominicana, Ermopac Industrial, Ready To Drinck, and Pac Tech International.

 

 

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