Cyprus & Greece-First Elements Ventures |
First Elements Ventures Ltd, a wholly owned local subsidiary, is primarily active in the SE European region. The company’s business model revolves around the sourcing and full-cycle management of Venture Capital investments. Such investments have been financed so far by investment companies which are either subsidiaries or associated with the Group. However, as announced already by the Group CFO, the company will expand its operations in 2007 to manage a new VC Fund which will be established in Greece and which will invest throughout the SE European region.
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