IFC BOOSTS LATIN AMERICA PHARMA SECTOR
August 1st, 2008
BY ALAN OSBORN
The International Finance Corporation, an affiliate of the World Bank specialising in the private sector, is to take a 10% equity stake in Tecnoquímicas, a Colombia-based pharmaceutical manufacturing and distribution firm. IFC's investment of US$25 million will support the expansion of the company's operations in the Andean region and Central America. IFC said it was supporting "a market leader in Colombia" to implement sustainable regional expansion, strengthen its competitiveness in local and regional markets and help enhance the ...
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