Libya Doesn't Rule Out Raising Its Stake in UniCredit, Il Sole Reports

Libya doesn’t rule out increasing its stake in UniCredit SpA, daily Il Sole 24 Ore reported, without saying where it got the information.

Libya won’t make a “hostile” attempt to take over the bank, according to the Italian newspaper.

The Central Bank of Libya owned 4.1 percent of Milan- based UniCredit and the Libyan Investment Authority held 2.1 percent as of Aug. 3, according to Bloomberg data.

To contact the reporter on this story: Armorel Kenna in Milan at akenna@bloomberg.net

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