ROME, Oct. 5 (Xinhua) -- Italian lender UniCredit on Monday announced the launch of the China-Italy Industrial Cooperation Fund (CIICF) in partnership with private equity firm Investindustrial and with the China Investment Corporation (CIC).
The CIICF has an initial capital of 600 million euros (about 700 million U.S. dollars), fully underwritten by Investindustrial, the CIC and UniCredit, and it will "invest primarily in Italian mid-market companies," the Italian lender said in a statement.
