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

Italy gets tough on SWFs

Posted on 21 October 2008

From Financial News: Italy has become the latest government in Europe to propose restrictions on the ownership of domestic companies by sovereign wealth funds after Libya’s fund increased its holding in banking group UniCredit last week.

Italy’s foreign minister Franco Frattini said today that sovereign wealth funds should not hold stakes of more than 5% in Italian companies, according to an interview in Italian daily newspaper Il Messaggero….. Full Article: Source


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