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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Shockwaves from Libya hit Italian business

Posted on 22 February 2011

From AFP: Shockwaves from the unrest in Libya on Monday hit its former colonial overlord Italy — a top foreign investor in Libya and a country in which the North African state has also invested billions. Libya’s sovereign wealth fund and veteran ruler Moamer Kadhafi’s family own stakes in Italy’s biggest bank UniCredit, defence and industry giant Finmeccanica, as well as in the first-division Juventus football club.
Shares in UniCredit plunged 5.75 percent by close of trading in Milan……………………………………….Full Article: Source


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