Jennifer Gnana
Exclusive: Cynergy is looking to raise up to $500 million from the region to consolidate stranded gas assets and stunted infrastructure in the basin
Cyprus-based Cynergy Group, an investment firm focused on the energy sector, is lobbying investors in the Arabian Gulf including sovereign wealth funds to raise as much as $500 million (Dh1.83 billion) that will be part of $10bn raised from a pool of investors used to consolidate Eastern Mediterranean gas assets.
“[The] Gulf can play an important collaborative role in bringing East Med [and] Middle Eastern assets together through Cyprus, so I’m looking at the potential of Abu Dhabi and other Gulf interests looking at employing $500m plus,” Cynergy co-founder and group chief executive Mike Germanos told The National in Abu Dhabi.
“[The] Gulf can play an important collaborative role in bringing East Med [and] Middle Eastern assets together through Cyprus, so I’m looking at the potential of Abu Dhabi and other Gulf interests looking at employing $500m plus,” Cynergy co-founder and group chief executive Mike Germanos told The National in Abu Dhabi.
