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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kazakh Samruk-Kazyna denies report of buying UniCredit stake

Posted on 13 January 2012

Kazakhstan’s National Wellbeing Fund Samruk-Kazyna denied a report in Italy’s il Giornale newspaper that it had acquired almost 5 percent of UniCredit SpA, Italy’s biggest bank.
The report that Samruk-Kazyna “acquired a stake in UniCredit SpA is untrue,” fund spokesman Yuriy Cherkasov said by telephone from the Kazakh capital Astana today. Samruk-Kazyna has contacted il Giornale and demanded that the newspaper run a correction, the fund said in a Twitter Inc. posting………………………………………..Full Article: Source


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