Signature(s)
Amount
€ 13,000,000
Sector(s)
Services
: € 13,000,000
Signature date(s)
18/12/2008 : € 13,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
24 November 2008
Status
Reference
Signed | 18/12/2008
20080531
Project name
Promoter - financial intermediary
EuroMena II Fund
Capital Trust Group Ltd.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
The amount of the Bank’s investment will not exceed the equivalent of EUR 13m or, if this amount is lower, 20% of the Fund’s capital.
The Fund has a target size of EUR 80m at the first closing. The promoters are aiming for capital of EUR 190m at the second closing.
Location
Sector(s)
Description
Objectives
The operation consists of the Bank's acquisition of an equity participation with EU budgetary resources (risk capital managed by the Bank under Regulation 1638/2006 of 24 October 2006) in a newly-created investment fund.
The purpose of the Fund will be to make equity and quasi-equity investments in enterprises domiciled and operating in the Mediterranean partner countries. 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
Other links
Data sheet