China Development Bank and French state-owned bank Caisse des Depots said on Thursday that they have created a 150-million euro ($189 million) fund to take minority stakes in French and Chinese small and medium-sized firms.
The fund would invest between 3 million and 15 million euros in each company with sales of 10 million to 200 million euros. The fund would take minority interests in French SMEs that are developing their Chinese market and the other half in Chinese SMEs that are developing in France.
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