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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Western business with Libya surges since sanctions

Posted on 05 March 2010

From Reuters: Libya’s $65 billion sovereign wealth fund is another, very big, reason that it has close business ties to Europe. Many of the investments made to date by the fund’s manager, the Libyan Investment Authority, have been in Italian stocks. It holds a 4.6 percent stake in Italy’s second-biggest bank, Unicredit and has a small stake in carmaker FIAT.
The Authority’s chief executive told Reuters in an interview last year it planned to expand its portfolio to include European utilities and drugmakers……………………………………..Full Article: Source

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