Grupo Vimenca Agreement Extends Western Union’s Presence in Dominican Republic

Headrick Rizik Álvarez & Fernández advised on the deal

The Western Union Company (NYSE: WU), a global leader in money transfer services, and Grupo Vimenca, a privately held group of financial services companies in the Dominican Republic, have renewed their relationship.

Grupo Vimenca, a family-owned company that began as a small business with one employee, today offers consumers global money transfer services through Western Union, in addition to banking, mortgage, business-to-business call center services, travel and mobile offerings.

Western Union entered the Dominican Republic in 1989 with Remesas Vimenca, a wholly owned subsidiary of Grupo Vimenca which now boasts a strong network of more than 205 locations throughout the country.

Headrick Rizik Álvarez & Fernández advised Vimenca with Mary Fernández (Picture) and Jaime Senior.

 

Involved fees earner: Jaime Senior – Headrick Rizik Alvarez & Fernández; Mary Fernández Rodríguez – Headrick Rizik Alvarez & Fernández; Mary Fernández Rodríguez – Headrick Rizik Alvarez & Fernández;

Law Firms: Headrick Rizik Alvarez & Fernández;

Clients: Grupo Financiero Vimenca SA;

 

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Author: Ambrogio Visconti.