Cash-rich Libyans go for Eni stake


Issue 152 - 12 Dec 2008 | 3 minute read

The emergence of a new Libyan fund as a vehicle for acquiring a substantial minority stake in Italy’s Eni shows the cash-rich Jamahiriya mobilising to take best advantage of the global financial crisis, writes John Hamilton. The Libyan Energy Fund (LEF), an institution which has not acted publicly before now, on 6 December announced in a joint statement with the Italian government..

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