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Sovereign Wealth Funds Briefing - Categorized | Market, People

UniCredit monitors Libyan situation closely, not worried -CEO

Posted on 22 February 2011

From Dow Jones: Italian lender UniCredit SpA is closely monitoring the political turmoil in Libya but isn’t concerned about a possible impact on the bank, Chief Executive Federico Ghizzoni said. Libya’s sovereign wealth fund holds a 2.6% stake in UniCredit and its Central Bank has a 4.6% interest.
“We’re following the Libyan situation closely, but we’re not worried for the group,” Ghizzoni said……………………………………….Full Article: Source


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