Italy and Qatar launch €2bn joint venture
Fondo Stategico Italiano, the €4bn fund launched by the Italian government in 2011, has teamed up with Qatari holding company Qatar Holding LLC to form IQ Made in Italy Venture.
The joint venture will have total capital of up to €2bn, equally provided by both parties, and currently holds €300m. Capital commitments will be made over the next four years.
IQ Made in Italy Venture will back Italian companies in food, fashion, luxuries, furniture, interior design, tourism, lifestyle and leisure. Growth strategies will include sector consolidation, as well as organic and international expansion.
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