Libyan investors take 4.23% stake in UniCredit

10/17/2008 | Financial Times (free content) · Google

Troubled Italian bank UniCredit welcomes investment from Libya, but the move may raise concerns with the Italian government. Libyan investors announced that they hold a 4.23% stake in UniCredit and that they plan to participate in the bank's upcoming capital increase, buying as much as $671 million of a convertible-bond issue. Libyan investors are also considering taking a stake in Telecom Italia, a telecommunications provider.

View Full Article in:

Financial Times (free content) · Google

Published in Brief: