02.10.2015 - Libyan sovereign fund happy with investments in Italy
The Libyan Investment Authority (LIA) is happy with its investments in Italy and intends to keep its stakes in blue-chip companies such as UniCredit and Eni, the chairman of the sovereign fund told Reuters on Wednesday. Set up in 2006 to manage Libya’s oil revenue surplus, the LIA is the largest sovereign wealth fund in Africa. But four years after the fall of Muammar Gaddafi, Libya is in turmoil with two rival governments and their armed forces battling for control, creating uncertainty over its investments. The LIA is also at the centre of a bitter power struggle...............................................Full Article: Source
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