Mexican billionaire buys Erindi

Mexican billionaire Alberto Baillères is set to buy the sought-after 71 000-hectare Erindi Game Reserve, subject to approval. According to a media release, Baillères is a highly respected Mexican business leader and philanthropist, who is the president of multi-national consortium the BAL Group. Baillères has experience with managing several wildlife protection ranches in different parts of the world. “The transaction is still subject to Namibian Competition Commission approval, and certain other contracting party-related suspensive conditions. All other governmental and regulatory approvals have been obtained and complied with in full.” Erindi has been on the market for quite some time, with a price tag of several billions of dollars.

STAFF REPORTER