First direct equity investment in Myanmar by CDC Group Plc

A&G News 29 July 2019

Allen & Gledhill advised Frontiir on a direct equity investment by CDC Group Plc ("CDC"), the United Kingdom’s development finance institution, (the “Investment”) in Frontiir, under which CDC has taken a minority stake in Frontiir. This is the first direct equity investment in Myanmar by CDC.

Frontiir is the leading internet service provider in Myanmar.

The Investment will help fund Frontiir’s expansion throughout Myanmar, connecting over two million people to the internet.

Advising Frontiir was Director Oh Hsiu-Hau from the Myanmar office of Allen & Gledhill.