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Signature(s)

Amount
€ 10,050,000
Sector(s)
Services : € 10,050,000
Signature date(s)
7/09/2006 : € 10,050,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
8 November 2004
Status
Reference
Signed | 07/09/2006
20040349
Project name
Promoter - financial intermediary
Euromed fund
Milan Chamber of Commerce - Promos and Tuninvest Finance Group (Tunisia).
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 10 million.
EUR 50 million.
Description
Objectives

Creation of an investment fund for the purpose of taking participations in joint ventures between European and North African promoters or in entirely local enterprises. The capital invested is mostly Italian. The fund will be managed jointly by an Italian team and a number of local (Tunisian, Moroccan and Egyptian) investment managers.

Promoting the establishment or development of European companies in the MEDA region and, more generally, fostering the growth of private enterprise.

Environmental aspects
Procurement

The fund will only invest in enterprises that comply with environmental standards meeting the EIB's requirements.

N/A.

Comments

All sectors will be eligible for the fund's support (with the exception of sectors and activities excluded by the EIB on ethical grounds).

Link to source
Summary sheet
Other links

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).

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