29/4/2011 - Call for expression of interest to select financial institutions as co- investors with the “Entrepreneurship Fund” in the Hellenic Republic

ETEAN S.A. has published on the 29.04.2011 a Call for Expression of Interest for the selection of Financial Institutions, and / or an association - and / or a consortium, at least one member of which is a Financial Institution, Β seated in a member state of the European Union or of the European Economic Area, which will act as Financial Engineering Instruments in accordance with Article 44 of Regulation (EC) 1083/2006, as amended.

The selected candidates will co-invest own resources up to Β€ 800 million, along with resources of Β€ 400 million of the “Entrepreneurship Fund” (ratio 2:1) managed by ETEAN S.A., in six Loan Funds. Each Loan Fund shall provide favourable loans to Small and Medium Enterprises established in the Hellenic Republic, which will finance investments in the fields included in one of the six Actions (one Action per Loan Fund).

The six Actions and their respective budget are:

1. General Entrepreneurship (Β€300m),
   
2. Technological Development, Regional Cohesion and Clusters (Β€300m),
3. Youth Entrepreneurship (Β€90m),Β 
   
4. Access to international markets (Β€210m) ,
   
5. Thematic Tourism, Water Desalination, Waste Management, Green Infrastructures and applications (Β€150m),
   
6. Innovative Entrepreneurship, Logistics, Food, Beverages (Β€150m),

Interested financial institutions may find the full text of the Call both in Hellenic and in English language in the web page of ETEAN S.A., www.etean.com.gr