MIP raises funds for five highways
MIP raises funds for five highways Mexican infrastructure fund manager earns $177mln in the sale of shares in a Fibra-E
IPOFundsMexicoCapital MarketsProject & Infrastructure Finance Mexico Infrastructure Partners (MIP) earned MXN3.5bn ($176 million) from the sale of shares in an infrastructure and energy investment trust to finance construction of five highway projects, a company executive told LatinFinance on Monday.
The Mexico City based infrastructure fund manager issued 184 million shares in the Fibra-E for MXN19.00 each and set aside the proceeds to build the toll roads Palmillas-Apaseo el Grande, Kantunil-Cancún, Río Verde-Ciudad Valles, Libramiento La Piedad and Túne
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