Meridiam seeks MIGA umbrella for Setrag investment

Meridiam seeks MIGA umbrella for Setrag investment

The subsidiary of the World Bank is considering a possible cover for the investor in the company operating the Trans-Gabon Railway.

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            ▪ Meridiam seeks MIGA umbrella for Setrag investment

▪ The subsidiary of the World Bank is considering a possible cover for the investor in the company operating the Trans-Gabon Railway.

https://www.africabusinessplus.com/en/812679/meridiam-seeks-miga-umbrella-for-setrag-investment/

The Multilateral Investment Guarantee Agency (MIGA) has again demonstrated its interest in Meridiam‘s construction projects. The agency’s teams are studying a financial guarantee covering the equity and quasi-equity investment of Thierry Déau‘s firm in the Société d’exploitation du Transgabonais (Setrag) to the tune of €68 million. These guarantees, issued for 15 years, cover the risks of currency transfer restrictions, inconvertibility, expropriation, war and civil unrest or breach of contract.

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