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UniCredit monitoring effects of UN resolution-spox
February 27, 2011 / 9:21 PM / 7 years ago

UniCredit monitoring effects of UN resolution-spox

MILAN, Feb 27 (Reuters) - Italy’s biggest bank UniCredit (CRDI.MI) is closely monitoring developments with regard to its Libyan shareholders after the U.N. Security Council imposed asset freezes on Libyan leader Muammar Gaddafi.

“We are closely watching the situation also in light of the recent U.N. resolution,” a spokesperson for the bank told Reuters on Sunday.

Libya’s stake in UniCredit stands at an overall 7.6 percent after the Libyan Investment Authority (LIA) acquired a 2.59 percent stake in the bank.

Libya’s central bank is a shareholder with a 4.988 percent stake.

On Saturday the U.N. unanimously imposed travel bans and asset freezes on the Libyan leader, members of his family and inner circle. [ID:nN26176835]

On Sunday Britain said it was freezing the assets of Gaddafi and members of his family, implementing a U.N. Security Council resolution. [ID:nLAL004661] (Reporting by Stephen Jewkes; Editing by Bernard Orr)

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