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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libya has no plan to take over lender UniCredit, Ben Ammar says

Posted on 27 August 2010

From Bloomberg: Libya has no intention to take over UniCredit SpA, Italy’s biggest bank, and the Arab country’s sovereign wealth fund shouldn’t be treated differently from the lender’s other investors, Mediobanca SpA board member Tarak Ben Ammar said.
The Central Bank of Libya owns 4.6 percent of the Milan- based lender and the Libyan Investment Authority holds 2.1 percent, according to an Aug. 4 statement from market regulator Consob. Mediobanca is UniCredit’s largest single shareholder, with about 6.8 percent……………………………………….Full Article: Source


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