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Sovereign Wealth Funds Briefing - Categorized | Market

Libya, EU see first partnership pact this year

Posted on 12 May 2010

From Reuters: Officials from the European Union and Libya said they were on track to sign their first cooperation pact this year, cementing ties that bring EU countries lucrative trade and help control illegal immigration. Libya’s sovereign wealth fund has invested in European companies, with a focus on former colonial power Italy.
The EU lifted sanctions on energy exporter Libya in 2004 after the country’s leader, Muammar Gaddafi, renounced illegal weapons programmes, but the bloc still has no formal relations and no representative mission in Libya……………………………………….Full Article: Source


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