Nicolas Sarkozy's plan to launch a 1 bln-euro private equity fund

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Nicolas Sarkozy is secretly attempting to set up a 1 billion-euro private equity fund, with plans for it to be based in London, and has begun prospecting wealthy individuals and institutions to back the scheme, financial and business sources have told Mediapart. According to concordant sources, the former French President (pictured) has made discreet contact with potential backers based in France, the Middle East and South-East Asia. Laurent Mauduit reports.

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Former French President Nicolas Sarkozy is secretly attempting to set up a 1 billion-euro private equity fund, with plans for it to be based in London, and has begun prospecting wealthy individuals and institutions to back the scheme, financial and business sources have told Mediapart.