Kavak branches out in South America

Kavak branches out in South America

Funds Latin America South America Chile Colombia Mexico Peru Capital Markets Asset Management Project & Infrastructure Finance Technology

Mexican used-car platform Kavak said Wednesday that it will invest $180 million to expand operations to Chile, Colombia, Peru and Turkey as part of its international growth plans. The company plans to spend $120 million to set up shop in the three South American markets and $60 million to open in Istanbul, it said in a press release. It did not say how it will fund the investments. COO Federico Ranero said in September last year that Kavak was looking to make acquisitions in Latin America, South

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