Release date: 9 October 2006
Promoter – Financial Intermediary
Attijari Invest, the private equity subsidiary of Attijariwafa bank, Morocco’s largest bank, and EMP Africa, which has Emerging Capital Partners as General Partner and EMP Global, the world’s largest private equity firm investing in ermerging markets with seven funds holding around USD 5.7billion, as Limited Partner.Location
Description
Participation in the setting up of a private equity fund focused on infrastructure investments, either in new projects or in the improvement/extension of existing projects or companies.
Objectives
The project will improve major areas of infrastructure in Morocco. Infrastructure development is seen as a key factor for the overall improvement of the competitiveness of Morocco’s economy.
Comments
Infrastructure projects and companies in Morocco in areas such as energy, water, waste management, airports, ports and logistics.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to the lower of: EUR 10 million, or 25% of fund size.
Total cost (Approximate amount)
MAD 1 billion (EUR 91 million) target fund size.
Environmental aspects
The fund will only invest in companies that comply with the environmental standards required by the EIB.
Procurement
Not applicable.
Status
Signed - 14/12/2006
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).