IFC and IFC AMC Invest BRL200 Million in Vix Logística (Latin America)

Source: International Finance Corporation

Development finance institution International Finance Corporation (IFC) and IFC Asset Management Company (IFC AMC), a wholly owned subsidiary of IFC, have together invested BRL200 million (approximately US$81 million) in Brazil-based logistics services provider Vix Logística. IFC AMC contributed BRL50 million (approximately US$20 million), structured through its IFC African, Latin American and Caribbean Fund, with IFC investing the remaining BRL150 million (approximately US$61 million). Vix Logística provides services to sectors such as mining, steel, oil and gas and automotive, and intends to use the capital injection to expand its operations and logistics projects.