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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libyan fund in talks over Kaupthing unit-Luxembourg

Posted on 11 December 2008

From Reuters: Talks have taken place over the possible sale of the Luxembourg arm of troubled Icelandic bank Kaupthing to a Libyan sovereign fund, a Luxembourg minister confirmed on Wednesday.

Budget and Treasury Minister Luc Frieden, answering a question in parliament, said there had been discussions with several possible buyers. “Also in the last days with the sovereign wealth fund mentioned in the parliamentary question,” Frieden told parliament he said of a question that referred to the Libya’s state Libyan Investment Authority….. Full Article: Source


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