Secuoya gets financing to expand in Latin America

Spain’s Grupo Secuoya reached a financing agreement that will allow it to get €100 million (USD 123.6 million) that will be used, among other projects, to expand its presence in Latin America.
In the region, the company has businesses in Chile, Peru and Colombia, and now concentrates its efforts in expanding into Mexico. The CEO for the Latin America unit is Alejandro Samanes Prat, who was appointed at the beginning of this year.
The company informed that it will receive up to € 65 million (USD 80.3 million) reimbursable at maturity after 7 years, through Global Bankers Capital. In turn, this financing allows Grupo Secuoya to access additional lines of credit for € 35 million (USD 43.3 million).
In addition to the expansion in Latin America, the company will be able to continue with the construction of the second phase of ‘La Ciudad de la Tele’ project in Spain. In turn, Secuoya contemplates the analysis of other companies that can add value to the group or complement its service offering.
Recently, Secuoya signed an agreement with Claro TV in Colombia for the production of the operator’s television channels.