login
login
Image header Agence Europe
Europe Daily Bulletin No. 9547
Contents Publication in full By article 31 / 33
GENERAL NEWS / (eu) eu/eib

FEMIP support for Moroccan SMEs

Luxembourg, 20/11/2007 (Agence Europe) - FEMIP, the Facility for Euro-Mediterranean Investment and Partnership (the European Investment Bank's instrument for the countries on the southern shores of the Mediterranean) provided €6 million on Monday 19 November for a new investment fund, Capmezzanine SA, created on the initiative of Morocco's Caisse de Dépôt et de Gestion. This fund will acquire equity stakes in small and medium-sized enterprises in Morocco or provide them with mezzanine loans, a form of intermediate finance between short-term debt and a company's equity that is only repaid after traditional debt. As this type of financial product is relatively new in Morocco, FEMIP will also support the fund management team with technical assistance provided by an external consultant specialising in mezzanine finance. (O.L.)

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS