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Sovereign Wealth Funds Briefing - Categorized | Investment

Libyan sovereign wealth fund is said to boost UniCredit stake

Posted on 20 September 2010

From Bi-me.com: UniCredit SpA investor Libyan Investment Authority boosted its stake in Italy’s biggest bank since July and told the country’s stock market regulator that it’s a separate entity from the Central Bank of Libya, reported Bloomberg, citing two people with knowledge of the matter.
The Libyan sovereign wealth fund informed Italy’s Consob in a letter that it purchased an additional 0.5% stake in the Milan-based lender, raising its holding to 2.6%, said the people, who asked not to be identified because the letter is confidential……………………………………….Full Article: Source


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