600m euros raised for mid-sized firms

Source:Xinhua-Global Times Published: 2018/8/7 22:08:40

A first EU-China investment fund backed by the Juncker Plan has raised 600 million euros ($694.5 million) for mid-sized companies, the European Commission said.

Cathay Capital has raised an initial 600 million euros for its fund Cathay Midcap II, which targets 1.2 billion euros to finance mid-cap companies, according to a Commission statement on Monday.

The fund is backed by the European Investment Fund under the Juncker Plan's European Fund for Strategic Investments (EFSI), as well as the China Development Bank, French national promotional bank Bpifrance, China's Silk Road Fund, sovereign funds, institutional and other private investors.


Posted in: ECONOMY

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