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Sovereign Wealth Funds Briefing - Categorized | Market, People

Pearson uneasy that Libya holds stake

Posted on 01 March 2011

Marjorie ScardinoFrom WSJ: Pearson PLC Chief Executive Marjorie Scardino said Monday that she is “uncomfortable” with the Libyan sovereign wealth fund’s 3% shareholding in Pearson and is seeking clarity as to whether a U.K. freeze on Libyan assets covers the stake.
Ms. Scardino’s comments reflect an emerging issue for a variety of European companies grappling with the fact that they have the suddenly unwelcome Libyan Investment Authority as major shareholder……………………………………….Full Article: Source


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