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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi fund backs UniCredit

Posted on 18 January 2012

After a rocky start, UniCredit SpA’s €7.5 billion ($9.5 billion) share sale has gained some positive momentum as more investors wade in, highlighted by a big investment in the Italian bank by an Abu Dhabi-based fund.
The share sale, known as a rights issue, is being watched as a barometer of investors’ willingness to recapitalize Europe’s troubled banking sector………………………………………..Full Article: Source


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