The Private Infrastructure Development Group (PIDG) has exited its preference share investment in InfraCredit Nigeria, realising $26 million in proceeds, the development finance group said.
The exit was executed through PIDG’s project development arm, InfraCo. PIDG retains its ordinary shareholding in InfraCredit following the company’s listing on the NASD OTC Securities Exchange in 2025.
Philippe Valahu, CEO of PIDG, said, “PIDG has demonstrated how to successfully use increasingly scarce capital to unlock domestic institutional finance.” He said InfraCredit’s strong performances serve as a template for how such entities can be built in the future.