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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek leads $86 mln investment in Virgin Mobile Latin America

Posted on 16 May 2014

Singapore state investor Temasek Holdings is the lead investor in the latest equity raising of $86 million by Virgin Mobile Latin America to fund expansion in Mexico and Brazil. The mobile phone company also agreed an expanded debt facility of $41.5 million with International Finance Corp and the Central American Mezzanine Investment Fund II, it said in a statement.
Temasek confirmed it had invested in the company whose other shareholders include British billionaire Richard Branson’s Virgin Group but did not indicate the size of its stake………………………………………..Full Article: Source


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