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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Pearson seeks legal advice over stake held by Libyan Investment Authority

Posted on 01 March 2011

Muammar GaddafiFrom Guardian: Pearson has begun a legal process to ascertain if the stake held by the Libyan Investment Authority, the fifth biggest shareholder in the Financial Times owner with a £250m investment, needs to be frozen following a government order.
On Sunday the UK government moved to freeze the assets of Muammar Gaddafi and five members of his family, a decision that has prompted Pearson’s lawyers to file legal documents to determine exactly who is the beneficial owner of the stake……………………………………….Full Article: Source


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