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On Tuesday, the Cedar Oxygen Fund announced during a virtual conference that it had formed a “joint venture” with the Lebanese Economic Empowerment Fund (LEEF) with investment platform Bamboo Capital Partners (Bamboo). Thus, an initiative launched in 2020 and surpassing the initial goal of Luxembourg-based Cedar Oxygen, involves providing loans to Lebanese businessmen to finance the import of raw materials in the wake of the country’s economic and financial crisis.

Has been going on for two years.

Bamboo Managing Partner Florian Kemmerich announced that the joint venture, which will allow halving costs and risks, aims to raise “$ 500 million” to invest in Lebanese companies. At Cedar Oxygen, the central bank is the sole investor, almost three times the amount invested by the Lebanese bank ($ 175 million in five years, renewable every six months). This initial amount made it possible to lend to a dozen companies. If Cedar Oxygen now benefits from the international network of bamboo fund investors, there will be “no last word” on these two funds, Alexandre Hergas, CEO of Cedar Oxygen, has promised.

Will work

According to Mark Smith, Chief Financial Officer, Cedar Oxygen, Cedar Oxygen has been providing short-term loans of up to 30 days to six months to businesses for almost a year. A move to mitigate the total cessation of bank lending from the summer of 2019 and the restrictions on illegal foreign exchange deposits by banks. However, there are no interest rates. Communication however depends on many factors such as the risk of the company and its strategy. Companies, whether importers or not, must deposit a certain portion of the loan amount.

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Mark Smith explained that with the new framework in place, its assistance in importing raw materials would no longer target Lebanese businesses, but “private sector companies that import and increase national output.” Whatever their size: micro-business, small and medium (SME) or large. Mark Smith said it would therefore include agribusinesses in the “second phase”, which was later developed by Florian Kemmerich, but excludes merchants. The latter, however, states that “the Lebanese are open to any sector that employs and focuses on environmental, social and administrative criteria for economic development (…), (ESG).”

Finally, Mark Smith stated that he would like to begin financing the capital investments of companies such as the New Industrial Machinery (Capex), while Alexandre Harkus expressed a desire to return to renewable energy in solar energy. , Bamboo is an investment platform that provides financial solutions (credit or capital) and aims to make an impact in marginalized communities. It invests in four sectors: financial content, agribusiness and access to clean energy and medical care. In the Middle East, he is active in Lebanon, Jordan, Iraq and Palestine, according to his website. The fund manages a portion of Palladium’s assets in more than 90 countries, including Lebanon, in particular collaborating with the US Agency for International Development (USAid), Jose Maria Ortiz (also present) conference, co – director of Europe, the Middle East and Africa (EMEA) region internationally on palladium. Investment Leader.

On Tuesday, the Cedar Oxygen Fund announced during a virtual conference that it had formed a “joint venture” with the Lebanese Economic Empowerment Fund (LEEF) with investment platform Bamboo Capital Partners (Bamboo). So an initiative goes beyond …

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Red Sox could have massive plan still in place after Baez signs with Tigers

After Javier Baez agreed to a multi-year contract with the Detroit Tigers, there is a chance the Boston Red Sox have a massive fallback plan.

All eyes this MLB Hot Stove season is on the stacked shortstop free agency class. The options are dwindling down after Corey Seager and Marcus Semien signed with the Texas Rangers. But on early Tuesday morning another option was taken off the board, as Javier Baez agreed to terms with the Detroit Tigers on a six-year, $140 million contract.

The Boston Red Sox were reportedly one of three teams that were interested in signing Baez, per MLB Network insider Jon Heyman. With Baez no longer available, the Red Sox could have a massive fallback plan in big-name free agent Carlos Correa.

In terms of what’s left on the Correa watch… #Yankees #RedSox #Astros #Mariners ? #MysteryTeam

— Jim Bowden⚾️ (@JimBowdenGM) November 30, 2021

Carlos Correa an option for the Red Sox?

As you can see in The Athletic’s Jim Bowden’s tweet above, the Red Sox are listed as what’s left on the “Correa watch.” In a previous mailbag article earlier this month, Bowden wrote that there is a “strong possibility” that the Red Sox make a “quiet play” for Correa.

The fit with Boston does make sense, considering that manager Alex Cora was Correa’s bench coach with the Houston Astros during the 2017 season. But, the real question is would the Red Sox get Correa to sign on the dotted line?

Last offseason, Francisco Lindor set the market by signing a 10-year, $341 million deal with the New York Mets. This offseason, Seager earned the most total money out of any free agent, agreeing to terms with the Rangers on a 10-year, $325 million contract. It is obvious that Correa wants to make top shortstop money, considering he did not accept a five-year, $160 million offer from the Astros after the 2021 season.

The Red Sox were two wins away from reaching the World Series this past postseason. Could they go scorched earth and find a way to sign Correa to build one of the best infields in the game? We will just have to wait until the shortstop makes his decision.

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