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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market

France eyes Libya deals after unfreezing $2 bln assets

Posted on 13 November 2012

France said on Monday it was ready to start releasing almost $2 billion in frozen assets belonging to Libya’s sovereign wealth fund, as it looks to secure investment from the oil-producing nation.
France’s Foreign Minister Laurent Fabius made the announcement during a visit to Tripoli, the latest in a series of high-level French political and business delegations to the OPEC member. France spearheaded efforts to oust Libyan leader Muammar Gaddafi last year and, as part of wide-ranging international sanctions, froze about $8-9 billion in assets held in France………………………………………..Full Article: Source


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