Sovereign fund Qatar Holding and French state-owned bank Caisse des Depots announced on 30 November in a memorandum of understanding (MOU) plans to establish a €300mn fund to invest in small and medium sized businesses in France. The fund, which will be equally owned by the two founders, will invest in companies engaged in sectors with high growth potential and where both Qatar Holding and Caisse des Depots have common interests.
According to the Qatari ambassador to France, Muhammad Jaham al-Kuwari, investment in these businesses, is intended to benefit projects in all parts of France and will particularly focus on the creative nature of the activities of the companies that are intended to receive support from the new fund. (CONTINUED - 267 WORDS)
