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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Libya’s corporate connections: From Pearson to RBS

Posted on 23 February 2011

From Telegraph: Libya has numerous interests in UK companies through its Libyan Investment Authority (LIA) sovereign wealth fund. Stakes include a 3pc holding in Pearson, the FT owner, and a small stake in Royal Bank of Scotland.
The LIA also holds 2.6pc of Unicredit, the Italian bank, and 2pc of Finmeccanica, the Italian aerospace and defence company. The LIA was established in 2006 by the General People’s Committee of Libya to manage the country’s vast oil revenues and, according to its website, to “diversify the dependence of national income”………………………………………..Full Article: Source

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