Project Quetzal
Sector: Water Supply and Storage • Location: Central America Subregion
Source: International Finance Corporation (IFC)
The proposed Project comprises an equity investment of up to US$150 million in Holding Davivienda Internacional S.A. (HDI or Company), a subsidiary of Banco Davivienda S.A. (Davivienda, the Bank). HDI oversees Davivienda’s banking, insurance and brokerage operations in Costa Rica, El Salvador, Honduras, and Panama (the Countries). The capital raised through this investment will be used to complet
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Participants
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Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Description
Description | The proposed Project comprises an equity investment of up to US$150 million in Holding Davivienda Internacional S.A. (HDI or Company), a subsidiary of Banco Davivienda S.A. (Davivienda, the Bank). HDI oversees Davivienda’s banking, insurance and brokerage operations in Costa Rica, El Salvador, Honduras, and Panama (the Countries). The capital raised through this investment will be used to complete the M&A transaction in which the Bank is acquiring Bank of Nova Scotia (Scotiabank)’s operations in Costa Rica and Panama, through a share exchange, thereby strengthening its presence in Central America. Through IFC's participation in HDI, Davivienda expects to consolidate its sustainable finance and insurance strategy in Central America through increased support to small and medium enterprises (SMEs), women-owned SMEs (WSMEs), and climate finance sub-projects, including those focused on climate adaptation. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |