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UniCredit to Discuss Libyan Investment Next Week, Sole Reports

Sept. 19 (Bloomberg) -- UniCredit SpA plans to discuss Libyan government investments in the bank on Sept. 23, ahead of a board meeting later this month, Il Sole 24 Ore reported without saying where it got the information.

The Libyan Investment Authority raised its holding in Italy’s biggest bank to 2.6 percent, according to two people with knowledge of the matter, Bloomberg reported Sept. 17. The Central Bank of Libya owns almost 5 percent of UniCredit. The Libyan Investment Authority, responding to requests from Italian regulators to clarify its position, said it’s acting independently from the Central Bank of Libya, the people said.

To contact the reporters on this story: Chiara Remondini in Milan at cremondini@bloomberg.net

To contact the editors responsible for this story: Vidya Root at vroot@bloomberg.net.

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