IFC Exits Andrade Gutierrez

The IFC has exited its 14.85% position in Brazil’s Andrade Gutierrez Concessoes, selling it back to the Andrade Gutierrez parent. It does not disclose the value. The multilateral is selling a stake acquired through various investments since 2001, an IFC spokeswoman says. This is consistent with its strategy of exiting investments once its development role in an operation is fulfilled. The spokewoman declines to disclose the value of the position.