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MASSINISSA FUND

Signature(s)

Amount
€ 12,000,000
Countries
Sector(s)
Morocco : € 12,000,000
Services : € 12,000,000
Signature date(s)
11/12/2008 : € 12,000,000
Link to source
Data sheet
MASSINISSA FUND
Other links
Summary sheet
Massinissa Fund

Summary sheet

Release date
25 September 2008
Status
Reference
Signed | 11/12/2008
20080348
Project name
Promoter - financial intermediary
Massinissa Fund
Alma Capital (www.almacapital.com)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
The amount of the Bank’s investment will not exceed the equivalent of EUR 12m or, if this amount is lower, 25% of the fund’s capital.
The fund will have minimum capital of EUR 50m at first closing. The promoters' target amount at second closing is EUR 100 million.
Location
Sector(s)
Description
Objectives

The operation consists of the Bank's acquisition of an equity participation in a fledgling investment fund, financed from the European Union's budgetary resources (risk capital managed by the Bank under Regulation 1638/2006 of 24 October 2006). The fund will be divided into to two entities, one registered in Morocco and the other in Luxembourg. The fund will managed by AlmaMed, a management company resgistered in Morocco.

The purpose of the fund will be to make equity and quasi-equity investments in enterprises domiciled and operating in Morocco. The fund will invest in enterprises operating in all business sectors except real estate, agriculture, raw materials, defence and other sectors traditionally excluded by the EIB.

Environmental aspects
Procurement

Not applicable.

Not applicable.

Link to source
Summary sheet
Massinissa Fund
Other links
Data sheet
MASSINISSA FUND

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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