Business Services Industry
JP Morgan creates fund to invest in Latin America.
South American Business Information, July, 2000
JP Morgan created a new investment fund with a starting capital of US$680mil in order to invest in the Latin American region. Of that amount, JP Morgan and its subsidiaries spent US$250mil. JP Morgan is ranked as the 2nd major investment fund in Latin America. It plans to invest US$1bil this year in several projects. Last Monday, Antfactory Holdings had announced plans of investing US$100mil to develop internet businesses in Latin America. Antfactory and CVC Latin America have invested US$25mil each in the new project, which is called Antfactory Latin America. The companies are prepared to increase that amount by a similar value in case there are sufficient projects. Antfactory LatinAmerica has representative offices in Sao Paulo (Brazil), Ciudad de Mexico and Buenos...
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