Libya’s European bluechips

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Reuters: Mar 10 2011, 00:57 IST

European Union member states are adding the Libyan Investment Authority to a sanctions list on Tuesday, with the restrictions expected to come into force on Friday LIA, the country's sovereign wealth fund with assets of around $70 billion, has invested in a wide range of companies including European bluechips. Below are some of the foreign assets held by the fund, as well as details of other investments:

* Libyan Investment Authority (LIA), the umbrella body for Libya's sovereign wealth funds, owns:

* 2.6% of Italian bank UniCredit

* 2.01% of Italian aerospace and defence company Finmeccanica SpA

* 3% of British publisher Pearson, which owns the Financial Times

* 13% of Jordan's Zara Investment Holding

* 7.5% of Juventus Football Club in Italy

* LIA had a 0.7% stake in Belgian financial group Fortis, now known as Ageas, in 2009, a spokeswoman for the company said. She said LIA stake had never exceeded the 3% threshold which would have required an official announcement and that there had never been any contact between LIA and the financial group She was unable to say if the LIA still held the stake, as it had not registered to vote at the 2010 shareholders' meeting

* LIA bought 147.9 million lira of the shares, or more than 5%, of Turkish real estate investment trust Emlak Konut GYO at its IPO in December

* LIA acquired a stake of about 1% in Russian aluminium giant UC RUSAL when the firm carried out a stock float in Hong Kong, a source close to

... contd.

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