Signature(s)
Amount
€ 3,500,000
Sector(s)
Services
: € 3,500,000
Signature date(s)
24/04/2003 : € 3,500,000
Link to source
Data sheet
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Summary sheet
Release date
10 September 2003
Status
Reference
Signed | 24/04/2003
20030131
Project name
Promoter - financial intermediary
Averroès Finance
CDC-PME (Caisse des Dépôts et Consignations Group), PROPARCO (Agence Française de Développement Group), the EIB and Caisse d’Epargne de Provence-Alpes-Corse (CEPAC).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 3.5 million
EUR 26.5 million
Location
Sector(s)
Description
Objectives
Averroès Finance is a "fund of funds" designed to invest capital in investment funds dedicated to taking participations in small and medium-sized companies in the Maghreb countries and the Middle-East
(i) leveraging the Bank's action to strengthen companies' equity in the Mediterranean Partner Countries. (ii) promoting the growth of investment capital activity in the region.
Environmental aspects
Procurement
When selecting its investments, Averroès Finance's management will ensure that the funds in which it invests apply environmental rules in keeping with those of the Bank.
Not applicable.
Link to source
Summary sheet
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Data sheet
News & Stories
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