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    Signature(s)

    Amount
    € 3,500,000
    Countries
    Sector(s)
    Mediterranean Countries : € 3,500,000
    Services : € 3,500,000
    Signature date(s)
    24/04/2003 : € 3,500,000
    Link to source
    Data sheet

    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
    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

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Other links
    Data sheet
    Summary sheet

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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