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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libyan fund ‘interested in French refinery’

Posted on 06 November 2012

Libya’s sovereign wealth fund was said to be interested in taking over the Petroplus oil refinery in northwestern France, which is currently in bankruptcy proceedings, as the deadline for bids expired on Monday.
France’s Industry Minister Arnaud Montebourg said Monday he had received a letter from Libya’s sovereign wealth fund, the Libyan Investment Authority, saying they would like to examine the possibility of investing in the refinery near Rouen in France’s Normandy region. “I will request the commercial court delay their judgement to give time to our Libyan friends to consider investing in the refinery,” Montebourg said on RTL radio………………………………………..Full Article: Source


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