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Article: United Arab Emirates : BNP Pariba seeks to raise $300m.
- Article from:
- TendersInfo
- Article date:
- September 9, 2009
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Byline: manish03
French bank BNP Paribas may raise up to $300 million (Dh11 million) for a private equity fund active in the Gulf Arab region to tap opportunities arising from the financial crisis, a top official told reporters on Monday.
Jean-Christophe Durand, Regional Director of multinational bank BNP Paribas, said, his bank is looking to raise $150 million in the first phase by mid-October and possibly a further $150 million later.
With its local headquarters in Bahrain, BNP Paribas is one of the biggest players in fixed income and project finance regionally.
The economic recovery in the Gulf Cooperation Council (GCC) will be led ...