Italy and Qatars Sovereign Wealth Funds in joint venture - 19 November 2012

Fondo Strategico Italiano Spa (FSI) – the holding company controlled by the Cassa Depositi e Prestiti (CDP) – and Qatar Holding (QH) signed an agreement today (19 November) to set up a joint venture named ‘IQ Made in Italy Venture’

Under the terms of the agreement, the joint venture will have total capital of up to € 2 billion, to be equally provided by FSI and QH over the first four years, with € 300 million at inception. (continue reading...)