Release date: 9 December 2009
Promoter – Financial Intermediary
Sponsor: RMA Watanya, the insurance subsidiary of the FinanceCom Group
Promoter: Argan Invest, the private equity unit of the FinanceCom Group
Location
Description
Participation in an infrastructure fund which will primarily invest in energy, ports, transportation, logistics, waste management and telecom infrastructures.
Objectives
The Argan Infrastructure Fund will contribute to EU objectives by providing a source of equity financing for infrastructure projects across the region.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million.
Total cost (Approximate amount)
The fund is targeting to raise a minimum of EUR 75 million on the first closing and a maximum of EUR 200 million.
Environmental aspects
The Fund’s guidelines will be consistent with EIB’s own internal guidelines. Due to the indirect nature of EIB’s involvement (i.e. fund participation and subsequent delegation to management), it will be the manager, Argan Invest/Infra Invest, complying with these guidelines.
Procurement
Similar approach as for environmental guidelines.
Status
Signed - 21/06/2010
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).