March 8 - 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 percent of Italian bank UniCredit (CRDI.MI)
-- 2.01 percent of Italian aerospace and defence company
Finmeccanica SpA SIFI.MI
-- 3 percent of British publisher Pearson, which owns the
Financial Times (PSON.L)
-- 13 percent of Jordan's Zara Investment Holding ZARA.AM
-- 7.5 percent of Juventus Football Club in Italy (JUVE.MI)
* LIA had a 0.7 percent stake in Belgian financial group
Fortis, now known as Ageas (AGES.BR), in 2009, a spokeswoman for
the company said. She said LIA stake had never exceeded the 3
percent 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 percent, of Turkish real estate investment trust Emlak Konut
GYO (EKGYO.IS) at its IPO in December.
* LIA acquired a stake of about 1 percent in Russian
aluminium giant UC RUSAL when the firm carried out a stock float
in Hong Kong, a source close to the listing told Reuters. LIA
has not confirmed the acquisition.
* Mustafa Zarti, who was the deputy head of LIA, told
Reuters the fund had a stake of around 2 percent in Austrian
brickmaker Wienerberger (WBSV.VI) and had deposits in Austrian
* Zarti also said LIA had deposits in HSBC (HSBA.L) and BNP
* Libya has a stake of less than 2 percent in Italian
carmaker Fiat FIA.MI via its Libyan Arab Foreign Investment
Company (LAFICO) investment vehicle, Italian media has reported.
* The Libyan African Investment Portfolio (LAP), launched in
2006, has placed several hundred million dollars of its assets
with newly created London-based asset management firm FM Capital
Partners, the firm's chief executive said.
* LAP set up LAP Green Network in 2007 to invest in African
telecommmunications. It has its headquarters in Uganda and owns
or controls telecoms companies or licences in eight African
* The Greek government is in talks with officials from
Libya's sovereign wealth funds about possible investments in
Greek companies, a senior Greek diplomat told Reuters.
* Libya Oil Holdings, another state-owned firm, has 17.5
percent of Circle Oil, an oil and gas exploration company which
has assets in Egypt, Morocco, Namibia, Oman and Tunisia. Company
said on Tuesday it is seeking to comply with sanctions and
taking legal advice.
* According to the Daily Telegraph, Dalia Advisory Limited,
set up in 2009, operates as a "front company" for LIA in London.
* The Guardian newspaper said LIA's UK property investments
included Portman House, a 146,550 sq ft retail complex in
London's Oxford Street, bought in July 2009 for 155 million
pounds. It also has an office building at 14 Cornhill, opposite
the Bank of England, and occupied by firms such as Aviva
Investors, purchased at 120 million pounds.
Source: Thomson Reuters data, company websites, Sovereign
Wealth Fund Institute, IFSWF
(Reporting by Natsuko Waki)