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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Italy and Libya share close investment ties

Posted on 21 February 2011

From Reuters: Italian Prime Minister Silvio Berlusconi has attracted criticism for failing to condemn violence in Libya, which in recent years has deepened business and political ties with Rome. Libya’s stake in banking group UniCredit stands at a total 7.5 percent after the Libyan Investment Authority (LIA) acquired a 2.59 percent stake in Italy’s biggest lender.
Flush with petrodollars, Libya has been buying stakes in Italian companies, while Italian companies have nabbed contracts for energy and infrastructure projects in the North African state……………………………………….Full Article: Source


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