Home / Daily Briefs / 2021 / 29 / IDB Invest lends to Ta-Ta in Uruguay
IDB Invest lends to Ta-Ta in Uruguay
US-based multilateral lender supplies a $35 mln loan and makes a $10 mln equity investment
Loans Equity Debt Commerce Retail shopping International Financial Institutions Inter-American Development Bank (IDB) Uruguay United States
IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said Wednesday that it provided $45 million in financing to Uruguayan retailer Ta-Ta. The financing, split between a 10-year loan for $35 million and a $10 million equity investment, will be in Uruguayan pesos and go to the company's expansion plans and logistics investments, IDB Invest said in a press release, adding that the money will help create 1,000 jobs over seven years. "This transaction is a catalyst for the developm
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