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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Finmeccanica, Libya to set up Africa, Mideast venture

Posted on 29 July 2009

From Reuters: Italy’s Finmeccanica and Libya’s sovereign wealth fund on Tuesday said they agreed to cooperate on aerospace and other projects in the Middle East and Africa, tapping into a market worth as much as $20 billion.

The deal is the latest tie-up between an Italian company and Libya, which has recently bought stakes in Italian companies like UniCredit and Eni and is now turning its focus to setting up joint ventures for projects in Libya and elsewhere………Full Article: Source


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