Businessmen, Shipowners to form Investment Fund

Businessmen, Shipowners to form Investment Fund

Greek businessmen and shipowners join forces to create an investment fund with total assets of around EUR 600 million. Many well-known Greek businessmen will participate in the fund, including former Vivartia President and Head of Greek Industrialists Union (SEV) Mr. Daskalopoulos. The Fund will invest in bonds, stocks and will also buy and sell companies.
The fund will be administered by Mr. George Papoutsis, former president of Greece's Institutional Investor's Union.
The Fund will be based in Luxembourg in order to benefit from the positive tax regime in the country. The fund will get its operating license and will begin its investment activities by the end of June.