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Sovereign Wealth Funds Briefing - Categorized | Investment

Libya in talks to buy Dubai’s stake in Tunisie Telecom

Posted on 16 August 2013

A unit of Libya’s sovereign wealth fund is in talks to buy a 35-percent stake in state-owned Tunisie Telecom from a conglomerate owned by Dubai’s ruler, three sources aware of the matter said.
Dubai Holding’s arm, Emirates International Telecommunications LLC (EIT), is trying to reduce debt and is set to take a huge hit on the stake it bought for $2.25 billion in 2006. J.P. Morgan Chase valued it at $650 million in July. LAP GreenN, a subsidiary of the Libyan Investment Authority’s (LIA) Libya Africa Investment Portfolio (LAP), is doing due diligence on the potential purchase………………………………………..Full Article: Source


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