Metito takes on new capital ahead of 2012 IPO
- From: Vol 11, Issue 7 (July 2010)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: International Finance Corporation and Metito
A $40 million cash injection from international investors will help Metito Utilities to broaden its project portfolio. It will also act as a bridge to a planned IPO for Metito Holdings in 2012.
Emirates-based plant developer Metito Utilities has taken on $40 million in new preference share capital in order to fund near-term growth ahead of a partial IPO for the parent company in 2012.
The International Finance Corporation (IFC) – which has a minority equity stake in Metito Holdings and already acts as a debt provider to Metito Utilities – will inject $20 million ...
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