EBRD Mulls Investing up to 50 Mln Euro in Regional Mezzanine Fund for CEE, SEE

"The fund aims to provide investors with returns comprising current income and medium-term capital appreciation, derived from a portfolio of mezzanine investments, diversified by sector and geography," the EBRD said in a statement.

The fund's maximum size is 350 million euro and its main geographical focus will be Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, Slovenia, Ukraine and the Baltic's, the EBRD said. A portion of the Fund can be invested in Russia, Turkey, Serbia, Montenegro, Bosnia, Macedonia and Albania.

Other investors in the fund may include a range of commercial banks, investment banks and other private investors, including European and U.S. institutional investors, it said.

The project is pending final review.

($ = 0.7875 euro)