Paulson Puerto Rico has sold its stake in the Gómez Hermanos Paulson dealership network to businessman Víctor Gómez III, effectively exiting the new-car dealership business in Puerto Rico. The move marks a significant change in the island's automotive market.
The Gómez Hermanos Paulson dealership network had been a major player in Puerto Rico's new-car sales. With this sale, Víctor Gómez III takes full control of the network.
The terms of the sale were not disclosed in the report.