Release date: 27 August 2009
Promoter – Financial Intermediary
Citadel CapitalLocation
Description
Equity participation on ENPI risk capital resources of up to EUR 10 million equivalent in Mena Joint Investment Fund, a fund investing in majority and controlling stakes in private companies across selected industries.
Objectives
The aim of the Fund is to create value by creating, restructuring or growning companies by focusing on boosting naturally advantaged industries and improving the competitiveness of those suffering from a legacy of inefficiencies.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 10 million equivalent.
Total cost (Approximate amount)
The target size of the fund is USD 500 million committed capital at first closing is foressen at USD 100-150 million.
Environmental aspects
In addition to complying with Egypt’s environmental laws, regulations and policies and, where appropriate, EU legislation (e.g. sensitive sectors, environmental impact assessment), the Fund has agreed to develop environmental guidelines in agreement with its leading investors, namely the IFC, the African Development Bank and the EIB.
Procurement
N/A (private sector investment).
Status
Signed - 1/10/2009
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).