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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Finmeccanica, Libyan Investment Authority JV

Posted on 31 July 2009

From Dow Jones: Italian state-controlled defense and aerospace company Finmeccanica SpA will create a joint venture to invest in developing civil projects in Africa and the Middle East with the Libyan Investment Authority, it said late Tuesday.

The joint venture, which will start Jan. 1, is the first industrial joint venture between the two countries following a landmark agreement in August 2008 for Italy to pay $5 billion over 20 years as compensation to Libya for its colonial past……….Full Article (Subscription Required) : Source


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