IFC Eyes Stake in Brazil Pharma

IFC Eyes Stake in Brazil Pharma

Bonds Structured Finance Brazil M&A

The World Bank’s International Finance Corporation (IFC) is considering a $50m investment in pharmaceutical retailer Brazil Pharma, it says. The investment would be a combination of an acquisition of the company’s equity and an IFC loan, according to a proposed investment summary. A spokeswoman for Brazil Pharma says the deal would help fund the company’s growth, but notes that the exact investment details still remain under discussion. A spokeswoman at the IFC did not return a call for comment.

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