Release date: 8 November 2004
Promoter – Financial Intermediary
Milan Chamber of Commerce - Promos and Tuninvest Finance Group (Tunisia).Location
Description
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.
Objectives
Promoting the establishment or development of European companies in the MEDA region and, more generally, fostering the growth of private enterprise.
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).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 10 million.
Total cost (Approximate amount)
EUR 50 million.
Environmental aspects
The fund will only invest in enterprises that comply with environmental standards meeting the EIB's requirements.
Procurement
N/A.
Status
Signed - 7/09/2006
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).