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FINANCIAL NEWS
Lebanon’s EuropMena Funds to invest more in Africa
29 Aug 2017
(MENAFN) Lebanese EuroMena Funds had raised USD350mln during the last 11 years, and it is planning to double assets as it is seeking investments in Lebanese-owned companies operating abroad.
While it was deploying its capital in Lebanon, Jordan and Egypt, its latest fund was spending USD55mln for stakes in toilet-paper manufacturer in Nigeria, in addition to a Tunisia-based operator of clothing stores, and the Moroccan franchisee of French retailer Carrefour SA.
The current debt fund is targeting Africa, with USD200mln, and it is planning to invest maximum USD10mln per company in enterprises based in the Levant that generates USD50mln in annual revenue.
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MENAFN2908201700450000ID1095784750
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