| The State Oil Fund of Azerbaijan (SOFAZ), which bears responsibility for accumulating and managing oil and gas revenues of the country, is planning to invest some €100 million in the Equity Participation Fund (EPF), a debut fund managed by the European Bank for Reconstruction and Development (EBRD).
The EPF will allow SOFAZ to participate in the EBRD’s direct equity investment portfolio in Central and Eastern Europe, Central Asia and the southern and eastern Mediterranean region, as well as in Turkey, with a view to achieve a long-term capital growth by making investments in financial, industrial, agricultural, infrastructure, and energy sectors..............................................Full Article: Source
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