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

Italy won’t cap SWFs stakes, radiocor reports

Posted on 24 October 2008

From Bloomberg: Italy won’t change its laws to impose a limit of 5 percent on stakes held by sovereign wealth funds in the country’s companies, Radiocor said, citing Foreign Minister Franco Frattini.

Italy had previously indicated it was considering setting limits on foreign investment in its companies, after Libya last week bought a stake in UniCredit SpA, the country’s biggest bank….. Full Article: Source


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