Brazil’s Neogas Raises US$20 Million from IFC and ALAC (Latin America)

Source: Neogas

Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (AMC), a wholly owned subsidiary of IFC, have invested US$20 million in Brazil-based provider of natural gas logistics services Neogas. IFC AMC’s investment was structured through IFC African, Latin American and Caribbean Fund (ALAC). Neogas, which currently operates in Brazil, Peru, Mexico and Columbia, intends to use the new capital to continue its international expansion.