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Investors up Euroventure to Euro 51 mln

Euroventures, an independent private equity company, attracted Euro 20 million during the second subscription period for its Euroventures Hungary III Limited Partnership fund, which ended in June, the company announced late on Monday. The fund now has capital of Euro 51 million. ABN Amro and the European Bank for Reconstruction and Development (EBRD) were the two subscribers of the units. Both banks bought units during the first subscription period as well. Euroventures' ongoing investments in Hungary include one in water cooler delivery company AP Aqua Rt and budget airline Skyeurope.