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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Unicredit CEO: Libyan sovereign fund was not solicited to take bank stake

Posted on 08 September 2010

From AP: Unicredit CEO Alessandro Profumo said Monday that a Libyan sovereign fund acted on its own to take a stake in the bank and that the move was not solicited.
“These gentlemen made the decision in full autonomy to increase their stake,” Profumo said in an interview with foreign journalists. “They bought the shares on the market.”………………………………………Full Article: Source


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