IDB Invest lends to Ta-Ta in Uruguay

IDB Invest lends to Ta-Ta in Uruguay

Loans Equity Debt Commerce Retail shopping International Financial Institutions Inter-American Development Bank (IDB) Uruguay United States

IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said Wednesday that it provided $45 million in financing to Uruguayan retailer Ta-Ta. The financing, split between a 10-year loan for $35 million and a $10 million equity investment, will be in Uruguayan pesos and go to the company's expansion plans and logistics investments, IDB Invest said in a press release, adding that the money will help create 1,000 jobs over seven years. "This transaction is a catalyst for the developm

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial