| 27.05.2009 - Libya's LFB to up HSBC unit stake to 70 pct |
| From Reuters: The Libyan Foreign Bank (LFB) aims to hike its stake in HSBC (HSBA.L) affiliate British Arab Commercial Bank to 70 from 25 percent and plans to raise its capital 10 times to $10 billion, the Oea daily reported on Tuesday. State-owned LFB has held a 0.56 percent stake in Italy's second-largest bank UniCredit since 1997 and bought another 3.67 percent together with the Libyan Investment Authority sovereign wealth fund last October.......Full Article: Source |