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Kavak eyes M&A for global expansion

Kavak eyes M&A for global expansion

September 28, 2021 | Rodrigo Alonso Cruz
Mexican used-car platform plans to open in other markets in Latin America, Southeast Asia, Middle East and some European countries, COO says

Debt Equity Funds Loans M&A Latin America Europe India Middle East Mexico

Mexican used-car platform Kavak plans to make acquisitions in markets in Latin America, Southeast Asia, Middle East and some European countries to expand its operations in the next 12 to 18 months, COO Federico Ranero told LatinFinance. Kavak first went abroad when it acquired Checkars in Argentina in August 2020 and then opened a business in Brazil in July this year with plans to invest $500 million. "I dare to say that there will be a mixture of the decisions that we have seen in Brazil and Ar

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