Reuters logo
Factbox: Libya owns stakes in several European bluechips
February 22, 2011 / 6:11 PM / in 7 years

Factbox: Libya owns stakes in several European bluechips

(Reuters) - Libya has invested in a wide range of companies including European bluechips through its sovereign wealth fund, estimated to manage around $70 billion.

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 UniCredit

-- 2.01 percent of Italian aerospace and defense company Finmeccanica SpA

-- 3 percent of Pearson, which owns the Financial Times

-- 13 percent of Jordan’s Zara Investment Holding

-- 7.5 percent of Juventus Football Club

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

* LIA acquired a stake of about 1 percent in Russian aluminum giant UC RUSAL when the firm carried out a stock float in Hong Kong, a source close to the listing told Reuters. [ID:nLDE60P0N8] The LIA has not confirmed the acquisition.

* LIA had wanted to buy a 10 percent stake in Austria’s Wienerberger, the world’s biggest brickmaker but this later fell through. The company said on Tuesday it did not know if Libya held direct a stake in the company, and if it did, it would be less than 5 percent. It was also possible Libya held a stake through a wealth fund managed by someone else, Wienerberger said.

* Libya has a stake of less than 2 percent in Italian carmaker Fiat 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 telecommunications. It has its headquarters in Uganda and owns or controls telecoms companies or licenses in eight African countries.

* 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 24 percent of Circle Oil, an oil and gas exploration company which has assets in Egypt, Morocco, Namibia, Oman and Tunisia.

* According to the Daily Telegraph, Dalia Advisory Limited, set up in 2009, operates as a “front company” for the LIA in London.

Source: Thomson Reuters data, company websites, Sovereign Wealth Fund Institute, IFSWF

Reporting by Natsuko Waki; Editing by Ruth Pitchford

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below