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Sovereign Wealth Funds Briefing - Categorized | Investment

Libya should cut UniCredit stak: Politician in paper

Posted on 20 September 2010

From Reuters: Libyan investors’ combined stake in Italy’s biggest bank UniCredit should be limited to 5 percent, a Northern League politician said on Saturday, adding to his party’s worries of a takeover.
On Friday, Libyan’s sovereign wealth fund raised its stake in UniCredit, pushing total Libyan investment up to 7.6 percent. Libya’s envoy to Rome Hafed Gaddur told Reuters on Friday the stake was “enough.”………………………………………Full Article: Source


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