Process is investing again in Latin America
(ABM FN-Dow Jones) Process invests 1 billion Brazilian reals, converted over 160 160 million, into its Brazilian subsidiary Movil, which is interested in food delivery company Ifuits and Fintech companies Movilpe and Zoop. The investor of the AEX index announced this on Monday.
Money goes to the further development of iFoods, of which Just Eat Takeaway also plays a big role. It is the fastest growing MovilePay, Zoop and Mensajeros Urbanos, Colombian logistics company in Mexico and Latin America. In addition, the company is looking for new startups.
Roger Raphael, CFO of Process Foods and CEO of Movile, praises Movile’s close association with companies as an investor. Movile’s majority partner is Process.
The strong growth of Internet shopping in Latin America is creating more and more demand for logistics centers, and Movile is also investing in FinTech. Third branch gaming focusing on the movie. It already reaches 50 million players per month with the PlayKids and Afterverse brands.
ABM Financial News; [email protected]; Correction: +31 (0) 20 26 28 999.
From Beursplein 5, the authors ABM Financial News Carefully monitor the progress of the stock markets and especially the Amsterdam Stock Exchange. The information in this column is not for professional investment advice or recommendation for making specific investments.
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