Caisse des Dépôts and Qatar Holding Create MoU for French SMEs
Posted on 11/30/2012
According to the press release, “Caisse des Dépôts and Qatar Holding LLC today announces the signing of a Memorandum of Understanding (MOU) to co-invest in small and medium enterprises (SME) based in France.
Under the terms of the MOU, a joint partnership will be established with €300 million of capital. Both MOU partners will each contribute to equity capital equally. It is expected that the partnership will invest in French SMEs engaged in sectors with high growth potential and where both Qatar Holding LLC and Caisse des Dépôts have common interests. Representatives of both MOU partners will oversee the establishment of the joint partnership, including its governance processes. It is envisaged that the combination of Qatar Holding LLC and Caisse des Dépôts in a partnership will create a resource pool that will boost the development of French SMEs.”
Read more: Qatar Holding Press Release
Keywords: Caisse des Depots, Qatar Investment Authority.