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Sovereign Wealth Funds Briefing - Categorized | Investment

Libyan Investment Authority to buy Verenex

Posted on 09 December 2009

From Dow Jones: Verenex Energy Inc.said that it has entered into an agreement to be bought by Libya’s sovereign wealth fund for C$7.09 per share.

Verenex is a Calgary-based oil and gas exploration company with petroleum assets in Libya’s Ghadames Basin. The company’s shares rose 3.4% to C$7.03 in recent trading in Toronto……………………………..Full Article: Source

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