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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Italy wants answers from Libya on UniCredit stakes

Posted on 17 September 2010

From Reuters: The Italian government has asked Libya to clarify the nature of the stakes held by its sovereign wealth fund and central bank in Italy’s biggest bank, UniCredit, but has so far received no answer, the Treasury said.

The move adds pressure on Tripoli to show its hand after Italian market watchdog Consob and the Bank of Italy requested more information about the stakes, and some politicians voiced concern that Libya might raise its holdings even further…………………………………….Full Article: Source

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