ADB invests US$95m in Clifford Capital to support sustainable infrastructure
Partnership will focus on renewable energy sources such as solar and wind
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Kelly Ng
Singapore
IN ITS first investment in a local entity since setting up shop in Singapore earlier this year, the Asian Development Bank (ADB) will inject US$95 million into Clifford Capital Holdings (CCH), spurring growth in the Temasek-backed company - especially in the area of sustainable infrastructure financing in Asia
ABD will have a pro forma shareholding of 10.8 per cent once all equity capital committed has been fully deployed by 2024.
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