Foz do Brasil seals IFC investment
- From: Vol 11, Issue 3 (March 2010)
- Category: General
- Region: Americas
- Country: Brazil
- Related Companies: International Finance Corporation
A loan from the World Bank’s private sector promotion arm will help fund FdB’s expansion. There is also an option to subscribe to equity
The International Finance Corporation has continued the expansion of its water investment portfolio, committing to lend BRL92 million ($50 million) to support the growth of Brazilian environmental engineering firm Foz do Brasil (FdB).
The deal, announced on 19 February, concerns a loan with a 10-year maturity and a five-year grace period for principal payment. Under the terms of the agreement ...
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