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Sovereign Wealth Funds Briefing - Categorized | Investment

France could invest with Libya SWF in Petroplus: minister

Posted on 12 November 2012

France could co-invest alongside Libya’s sovereign wealth fund if the wealth fund takes over insolvent Swiss refiner Petroplus’ plant in Normandy, industry minister Arnaud Montebourg says.
Montebourg, keen to secure a rescue of the Petit Couronne plant, the oldest refinery in France, heads to Libya with French foreign minister Laurent Fabius on Monday. In an interview in Sunday newspaper Le Journal du Dimanche, Montebourg highlighted the fact that Libya’s sovereign wealth fund had expressed interest in the refinery in Normandy, northwest France, which was put under legal protection after its Swiss-based owner Petroplus filed for insolvency last year………………………………………..Full Article: Source


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