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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libyan investments in Italy

Posted on 30 August 2010

From Reuters: Flush with petrodollars, Libya has been buying stakes in Italian companies and has disclosed other potential investments in energy and infrastructure companies. Libyan stake in banking group UniCredit has been raised to a total 6.7 percent with the Libyan Investment Authority (LIA) acquiring a 2.075 percent stake in Italy’s biggest lender.

Libya’s central bank is a shareholder in the bank, with a 4.613 percent stake…………………………………….Full Article: Source


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