Animals
Business
Crops
Environment
Food
General
Horticulture
Livestock
Machinery
Markets
Politics
Login
 
 
 
Submit to register and subscribe
(72,60 / year)
 
I forgot my password
Next articleVolgend Artikel

 06 aug 2018 19:02 

First EU-China investment fund backed by the Juncker Plan raises 600 mio for mid-sized companies


Cathay Capital has raised an initial 600 million for its fund Cathay Midcap II, which targets 1.2 billion to finance mid-cap companies.

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. It is the first fund to be set up under the China-EU Co-investment Fund (CECIF) programme, which was established by the EIF and SRF with the aim of developing synergies between the Belt and Road Initiative and the Juncker Plan. At the EU-China Summit in Beijing in July, the EIF and the SRF signed a Memorandum of Understanding to confirm this first co-investment. The fund will support mid-cap companies with high growth potential in Europe and China, in areas such as healthcare, high-end industries, consumer goods and business services. Jyrki Katainen, Commission Vice-President responsible for Jobs, Growth, Investment and Competitiveness, said: “We have been working towards this moment since we set up the EU-China working group in 2015 in Beijing. I am very pleased that we are now seeing the fruits of that labour and that the Cathay Midcap fund will finance European and Chinese high potential mid-cap businesses in strategically important sectors. This is a very good example of how private and public investors can work together.” (Full press release can be found here.



  Newsflash
 
Zeracryl has developed an efficient solution for the reduction of acrylamide in french fries Lees meer
 
 
Drought: potato growers propose pan-European approach to resolve contract issues with processors Lees meer
 
 
Dewulf launches efficient transfer combi the Field Loader 240 Lees meer
 
 
Continuing drought and extreme heat a disaster for the potato harvest and processors Lees meer
 
 
New opportunities for Fleckvieh in August runLees meer
 
 
The Fendt Saaten-Union field day 2018Lees meer
 
 
Commission authorises five Genetically Modified products for food and feed use Today, the CommissioLees meer
 
 
Drought 2018: EC offers further support to European farmers dealing with droughts Lees meer
 
 
EC approves Total Produce's acquisition of DoleLees meer
 
 
The future of food and farming - Communication on the Common Agricultural Policy post-2020Lees meer