México Infrastructure Partners (MIP), an investment fund manager specialized in the infrastructure and energy sectors, issued its first investment trust in energy and infrastructure, identified as Fibra E.
It is the result of the divestment of three development capital certificates (CKDs) and a trust certificate for investment projects (CerPi), in the Mexican Stock Exchange.
The fund's initial assets are the Palmillas, Río Verde, La Piedad, Kantunil highway concessions and the Acapulco Tunnel Concession.
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The funds obtained will be used to invest in highway projects through concessions, contracts or schemes entered into by the public sector or individuals.
The projects that are part of the new vehicle portfolio are the Palmillas, Río Verde, La Piedad, Kantunil, and the Acapulco Tunnel Concession highways.
Fibra E issued certificates for an amount of 18 thousand 654 million pesos, which were exchanged between current investors of Mexico Infrastructure Partners who transferred their shares to Fibra E.
Simultaneously, the primary public offering of fiduciary stock certificates in energy and infrastructure was carried out, where 3,505 million pesos were collected.
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This placement reinforces the strength of the national market, which offers excellent investment alternatives in projects relevant to national development and economic reactivation.
This issuance is the first to be issued on the local Stock Exchange this year and after almost a year and a half without any issuance of its kind.
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