IFC Asset Management Company has committing up to $35mn in equity to support the modernisation and expansion of HeidelbergCement AG in West Africa, utilising the IFC African, Latin American and Caribbean Fund (ALAC Fund) - a co-investment fund that invests alongside IFC in equity investments in Sub-Saharan Africa, Latin America, and the Caribbean, providing growth capital for private enterprises in these regions.
p>IFC Asset Management Company has committing up to $35mn in equity to support the modernisation and expansion of HeidelbergCement AG in West Africa, utilising the IFC African, Latin American and Caribbean Fund (ALAC Fund) - a co-investment fund that invests alongside IFC in equity investments in Sub-Saharan Africa, Latin America, and the Caribbean, providing growth capital for private enterprises in these regions.