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    Signature(s)

    Amount
    € 6,000,000
    Countries
    Sector(s)
    Morocco : € 6,000,000
    Services : € 6,000,000
    Signature date(s)
    26/11/2007 : € 6,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    10 May 2007
    Status
    Reference
    Signed | 26/11/2007
    20070099
    Project name
    Promoter - financial intermediary
    Capmezzanine Morocco
    Accès Capital Atlantique S.A., a subsidiary of Morocco's Caisse de Dépôt et de Gestion.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    The amount of the Bank’s investment will not exceed the equivalent in Moroccan dirhams (MAD) of EUR 6m or, if this amount is lower, 25% of the fund's capital.
    The fund will have minimum capital of MAD 250m at the first closing (around EUR 22.5m). The promoters are aiming for capital of MAD 500m (EUR 45m) at the second closing.
    Location
    Sector(s)
    Description
    Objectives

    The operation consists of the Bank's acquisition of an equity participation in a fledgling investment fund, financed from the European Union's budgetary resources (risk capital managed by the Bank under the MEDA II Regulation).

    The purpose of the fund will be to make equity and quasi-equity investments (mezzanine finance) in small and medium-sized enterprises domiciled and operating in Morocco. The fund will invest in enterprises operating in all business sectors except real estate, agriculture, raw materials, defence and other sectors traditionally excluded by the EIB.

    Environmental aspects
    Procurement

    Not applicable.

    Not applicable.

    Comments

    Financial intermediation and investment funds.

    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).

    News & Stories

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