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

Libya’s stakes in Italian bank touch a nerve

Posted on 23 September 2010

From WSJ: The ouster of UniCredit SpA Chief Executive Alessandro Profumo after his courtship of Libyan investment shows the growing sensitivity in Italy to its former colony’s involvement in the Italian economy.
Alessandro Profumo resigned Tuesday after years of feuding with UniCredit shareholders over a variety of issues. But the trigger for his departure was his defense of the Libyan investors in Italy’s largest bank who supported his decisions as CEO which appeared to strengthen his control over UniCredit……………………………………….Full Article: Source

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