Infrastructure investment: Ideal boost to Mexico’s needs

Spun off from Slim’s financial conglomerate Inbursa in June, shares in Ideal have risen 40% since its IPO in September and the fund has posted a $43 million net profit in its first four months. With almost $900 million in assets, Ideal now has four toll road concessions, the latest of which Slim bought at the end of September in northern Mexico, and sees returns of at least 10%, according to Ideal’s credit director, Frank Aguado.