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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Market

Europe’s ties with Libya questioned

Posted on 22 February 2011

From WSJ: European governments are coming under pressure to explain ears spent courting Libyan leader Col. Moammar Gadhafi despite the country’s oppressive human-rights record. For years, European leaders have turned a blind eye to Col. Gadhafi’s human-rights record as they rushed to secure access to Libya’s oil fields and wooed Libyan sovereign wealth funds to invest in firms weakened by the financial crisis.
The Libyan Investment Authority, Libya’s sovereign wealth fund, and the Central Bank of Libya hold a combined 7.5% stake in UniCredit SpA, making Libya the top shareholder in Italy’s biggest bank……………………………………….Full Article: Source


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