| From WSJ: Tensions between Alessandro Profumo, former chief executive of UniCredit, and the board worsened in August when the Libyan Investment Authority, Libya's sovereign-wealth fund, disclosed that it had purchased a 2% stake in the bank on Milan's stock exchange.
On Aug. 31, the sovereign-wealth fund acquired an additional 0.5% of the Italian lender, according to a filing posted Monday on Italy's market watchdog website. That stake, combined with a 4.9% stake held by the Central Bank of Libya, made Libyan institutions the biggest shareholders at UniCredit, with a combined stake of 7.4%..............................................Full Article: Source
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