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Sovereign Wealth Funds Briefing - Categorized | Market

Libya SWF lends support to RUSAL share float

Posted on 27 January 2010

From Reuters: Libya is among the main backers of Russian aluminium giant UC RUSAL’s $2.2 billion stock float in Hong Kong , sources close to the listing said on Tuesday, as Tripoli looks further afield to invest its oil wealth.

Libya’s $65 billion sovereign wealth fund has bought a stake of around 1 percent in UC RUSAL, the sources said. The two sides had agreed to explore construction of an energy and aluminium complex in Libya before the financial crisis hit in late 2008………………….Full Article: Source

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