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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Fondo Strategico Italiano takes stake in Valvitalia

Posted on 17 December 2013

The Italian Strategic Fund (FSI) has acquired 151 (not 191) million euro, 49.5% of the capital of Valvitalia, a company that operates in the production and supply of equipment and components intended for ‘oil industry.
The contract was signed yesterday, 15th December, while the transaction is expected in January 2014. This was announced by the President of the Fund, Giovanni Gorno Tempini, and the CEO Maurizio Tamagnini during a press conference. Majority shareholder remains the Ruggeri family………………………………………..Full Article: Source


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