Xinfra FE earmarks proceeds from IPO

Xinfra FE earmarks proceeds from IPO

Bonds IPO Funds Mexico Capital Markets Asset Management Project & Infrastructure Finance

Mexican energy and infrastructure investment trust Xinfra Fibra E plans to spend the proceeds from an initial public offering (IPO) to buy stakes in a toll road concession, according to a press release from the BIVA exchange. Xinfra FE raised MXN1.48 billion ($72 million) in the IPO, money that it will use to acquire 90% of Concesionaria Bicentenario, the concessionaire for the Libramiento de la Ciudad de Celaya, and 50% of Operadora Libramiento Celaya, BIVA said in the press release on Wednesda

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