IFC takes stake in Brazilian concession holder
- From: Vol 2, Issue 12 (December 2001)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Andrade Gutierrez and Veolia Environnement (formerly Vivendi Environnement)
THE INTERNATIONAL FINANCE CORPORATION (IFC), the World Bank’s equities arm, took a $30 million, 16% stake in AG Concessoes last month in order to capitalise the company.
AG Concessoes, part of the Brazilian construction firm, Andrade Gutierrez, has stakes in a number of public service concessions, notably in Sanepar, the Parana state water company, where it partners Vivendi. AG Concessoes, which also has significant stakes in highway concessions, says it will be able to leverage $200 million of investment as a result of the IFC stake. Half ...
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