Grupo KUO, S.A.B. de C.V. and its eligible subsidiaries (the "KUO Group" or "the Company") has requested financial assistance from IDB Invest to set up an uncommitted reverse factoring revolving credit facility (the "Facility") to finance the Company's suppliers in Mexico through the acquisition of collection rights (the "Project" or the "Operation"). The Operation includes accounts receivable whose payment will be deferred due to the exceptional measures taken by the Company to mitigate the impact of COVID-19 on its suppliers.
The "Investment Type" was not available at the moment of the snapshot.
For inquiries about the Project please contact Grupo KUO
Name: María Teresa Calderón Renero
Title: Sustainability and Social Responsibility Management
Phone number: (+52) 55 52618000 ext. 2756
For questions and comments to IDB Invest please contact:
Name: IDB Invest Communication Group
Addionally, affected communities can access the IIC's Independent Consultation and Investigation Mechanism (ICIM) as follows:
Phone number: +1 (202) 623-3952
Fax number: +1 (202) 312-4057
Address: 1350 New York Ave. NW Washington, DC. USA. 20577
Email: firstname.lastname@example.org or mailto: MICI@iadb.org