The Abraaj Group Raises MXN3.2 Billion with Aditya Birla Group (Asia, Latin America)
Source: The Abraaj Group
Global growth markets investor The Abraaj Group has closed on the issuance of MXN3.2 billion (approximately US$191 million) of Mexican publically traded certificates, or CKD (Certificado de Capital de Desarrollo). The Mexico-focused CKD will invest in mid-sized businesses in the retail, consumer goods, healthcare, education, logistics and financial services sectors. Separately, Abraaj has partnered with Aditya Birla Group, an India-based multinational conglomerate, to invest in and build a gigawatt-scale renewable energy platform focused on developing solar power plants in India. Financial details of the transaction were not disclosed.