Libyan Investment Authority May Sell 2.6% UniCredit Stake, Sole Reports

The Libyan Investment Authority is considering the sale of its 2.6 percent stake in UniCredit SpA, daily Il Sole 24 Ore reported, without saying where it got the information.

The sovereign fund is weighing whether to keep the stake after the bank’s management asked it for further details about its links to Libya’s central bank, which owns about 5 percent of UniCredit, according to the Italian newspaper.

UniCredit restricts voting rights above 5 percent.

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

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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