October 1, 2008 / 10:56 AM / 10 years ago

Morgan Stanley denies advising Libya on T.Italia

MILAN, Oct 1 (Reuters) - Morgan Stanley denied it was advising a Libyan fund for a possible investment in Italian telecoms operator Telecom Italia (TLIT.MI) in a statement on Wednesday.

“Morgan Stanley denies being adviser to the Libyan Investment Authority, or having had contacts in this context with the Libyan fund,” the bank said.

Finanza & Mercati newspaper had said in its Wednesday issue that Morgan Stanley had been hired by Libya’s sovereign fund which wanted to become an investor in Telecom Italia by the end of the year.

Writing by Jo Winterbottom

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