BpiFrance and CDC launch a €20 million investment fund
Monday, 08 February 2016 11:14
(Ecofin Agency) - Banque publique d’investissement (BpiFrance), a French funding and development institution, and Caisse tunisienne des dépôts et consignations (CDC) launched on February 5th, a French-Tunisian private equity fund named “Co-Localisation” that aims to support SMEs in both countries.
This fund was allocated €20 million, provided through the equal participation of BpiFrance and CDC.
“The fund aims to boost the activity of SMEs in France and Tunisia, promote innovation, develop sales exports and create stable jobs with added value in both countries,” BpiFrance said in a statement published on its website.
Sectors targeted here include ICT, health, pharmacy, education, agro-food industries, manufacturing, mechanics and electronics, transport and logistics, tourism, entertainment and renewable energies.
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