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Itau Said to Follow Goldman Sachs in Financing Colombia Highways

  • Brazil lender said to be preparing loan of up to $300 million
  • Goldman Sachs underwrote $260.4 million bond in February

Itau Unibanco Holding SA, Latin America’s biggest bank by market value, is preparing to lend as much as $300 million to companies building a toll road in Colombia, people with direct knowledge of the matter said.

The borrowers are a consortium building the Pacifico 2 highway under Colombia’s 4G infrastructure program, said the people, who asked not to be identified because the negotiations are private. Goldman Sachs Group Inc. participated in a 4G financing in February, when it underwrote a $260.4 million bond for the Pacifico 3 highway.