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In-Brief
THL, Oaktree launch sale of 20M FirstBank shares
Contributor August 3, 2017

First BanCorp., the bank holding company for FirstBank Puerto Rico, announced Wednesday that certain stockholders have commenced a public underwritten offering of an aggregate of 20 million shares of the corporation’s common stock, $0.10 par value per share that they currently own.

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In-Brief
Consultiva Internacional lands ‘Business Excellence’ nod
Contributor August 3, 2017

British-based business magazine “Corporate Insider” has awarded Consultiva Internacional Inc. its “Business Excellence” recognition and named the firm Puerto Rico’s best Investment Advisory Firm for 2017.

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Retail
Domino’s franchisee HFS Corp. closes all stores in PR
Michelle Kantrow-Vázquez August 2, 2017

HFS Corp. — a franchisee for Domino’s Pizza in Puerto Rico — announced Wednesday the closing of nine stores on the island, after seeking bankruptcy protection earlier this year, this media outlet confirmed.

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QUOTE OF THE WEEK:

“The budget illustrates that the fiscal responsibility we instilled in previous years puts the Commonwealth in a better position to respond to the changing federal funding landscape. 

 

Like many states, municipalities and territories across the U.S., we may have to revisit the budget with the Governor and Legislature if federal funding levels change.”

 

— Robert Mujica, executive director, Financial Oversight and Management Board for Puerto Rico

 

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