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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Trends

Italy pledges funds for Libya

Posted on 26 August 2011

Libya’s sovereign-wealth fund and central bank were major investors in some of Italy’s biggest firms, including Milan-based bank UniCredit SpA, defense contractor Finmeccanica SpA and the Turin football club Juventus. Libya’s stakes in those firms remain frozen.
Eni’s agreement to supply local Libyan populations is a first step in reviving the Italian oil giant’s vast operations in the country. Before the conflict, Rome counted on the North African country for about a quarter of Italy’s oil supplies and 10% of its natural gas……………………………………….Full Article: Source


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