Joined: 05 Oct 2005
Posts: 315
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LIBYA. The new Eurafrica Merchant Bank will be based in Milan and will have an office in Tripoli to support the development of the Italian and Libyan companies in Africa through a new investment fund. The participants in the initiative - according to Il Sole 24 Ore daily - are Italy's Ambromobiliare and Libya's Investment & Development Fund.
The new investment fund, which will be created within the merchant bank, will have an initial capital of €50 million, which could be raised to almost double that sum. The basic project - the Italian economic daily writes - is to acquire minority stakes in African companies active in the sectors of energy, tourism, agriculture, food, industry, healthcare and infrastructure. |
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