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    Reference: 20030131
    Release date: 10 September 2003

    Promoter – Financial Intermediary

    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).

    Location

    Description

    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

    Objectives

    (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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 3.5 million

    Total cost (Approximate amount)

    EUR 26.5 million

    Environmental aspects

    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.

    Procurement

    Not applicable.

    Status

    Signed - 24/04/2003

    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).

    Related tags

    Mediterranean Countries Services