Medanito sells assets as IFC pulls out

Medanito sells assets as IFC pulls out

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Medanito said that the International Finance Corporation (IFC), the private sector division of the World Bank Group, has completed the sale of its 30.6% stake in the Argentine oil and natural gas producer, a move that comes as the company revives plans to sell assets to improve its finances. IFC and the IFC African, Latin American and Caribbean Fund sold the equity holding to Medanito's parent company Exmed, the company said in a securities filing late on Tuesday. Exmed is controlled by the Caro

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