Stock Exchange Closure Announced

In Costa Rica, Aldesa Corporación de Inversiones applied for judicial intervention because of lack of liquidity and announced the closing of the stock exchange.

Friday, March 8, 2019

From Aldesa's press release:

March 8, 2019. The uncertainty generated by the fiscal crisis among Costa Rican investors during the last quarter of 2018 led to a severe loss of liquidity in the market, which impacted the private real estate projects managed by Aldesa.

As a result, Aldesa Corporación de Inversiones has been forced to suspend payments to investors in such projects and to file a request for Administration and Reorganization with Judicial Intervention before the Bankruptcy Court of the I Circuito Judicial de San José. The management is presented this March 8.

The above is limited to private real estate projects and does not in any way affect the security of investments in publicly offered securities managed by our Stock Exchange or by the Investment Fund Company. Our clients can feel safe.

Read full press release (In Spanish).

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