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China-CEE Investment Cooperation Fund discusses investments in the Romanian market

China-CEE Investment cooperation Fund, whose majority shareholder is Eximbank China, considers Romania an investment opportunity market in various sectors and discusses its involvement in the field of telecommunication and energy, which may materialize by the end of the year.

2015-04-01 15:56:19

In the period which has passed since the opening of the fund we saw a number of projects of which some will materialize at the end of the year in the sector of energy and telecommunications," said Octavian Vidu investment manager for Romania within CEE Equity Partners, the investment consultant of the fund.

China-CEE Investment Cooperation is a private equity fund registered in Luxembourg, which has 500 million dollars for investments in Central and Eastern Europe. A second fund of 1 billion dollars will be launched until the end of the year for the same area. The main investor of the fund is Export Import Bank of China, which engaged 470 million dollars, together with Eximbank Hungary, which invested 30 million dollars. Moreover, the Chinese bank lays a special credit facility of 10 billion dollars at the disposal of fund management, to increase the investment capacity of the fund.

Another interesting fund for investments is that of transports, he said, pointing out that fund representatives have been making prospects in the local market since the Fall of 2013.

China-Central and Eastern Europe Investment Cooperation Fund intends to contribute to the economic growth of the 16 countries from Central and Eastern Europe. The fund has been active with three investments in Poland and one in Hungary.

"We think that Romania lacks capital, as business cannot be built on credit alone", said Vidu. "The value of capital we want to invest is between 20 and 70 million euros and we expect to have a leveraged buyout type structure, with a credit contribution from commercial banks which should help our capital grow," said the investment manager.



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