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PIDG Exits InfraCredit with $26m Deal

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BusinessDay
PIDG Exits InfraCredit with $26m Deal

The Private Infrastructure Development Group (PIDG) has finalized its exit from InfraCredit, a specialized infrastructure credit guarantee institution in Nigeria, through a $26 million preference share deal. PIDG's exit signifies the completion of its investment in InfraCredit, which aims to enhance infrastructure financing in Nigeria by providing credit guarantees.

The preference share deal marks a significant milestone in the financial landscape of Nigeria's infrastructure sector.

Plus234Feed summary based on reporting from BusinessDay. Read the original report below.

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