After many months of talk that it would sell its operation off partially or entirely to offset its financial problems, First BanCorp on Tuesday announced it has entered into a definitive investment agreement with private equity firm Thomas H. Lee Partners, L.P. under which THL would purchase about $180 million of the bank’s common stock.
Puerto Rico residents generate between 11,000 and 12,000 tons of waste, or about five pounds per person, every day that goes straight to the island’s landfills. However, through the proposed Puerto Rico Resource and Renewable Energy Project, that habit can change and what is considered waste today could be recycled as fuel in the near future.
Marine Express and America Cruise Ferries will begin offering passenger ferry service between the port of Mayagüez and Santo Domingo in the Dominican Republic starting Wednesday.
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