Sabato, 22 Settembre 2018
MILAN

Libyan agency says it has regained Italian holdings

English
© ANSA

Milan, November 5 - The president of the Libyan
Investment Authority said Monday that an appeals court has
ordered the restitution of its investments in key Italian
companies.
After markets closed on Monday, Mohsen Derregia issued a
statement saying that a court of appeal in Rome ordered the
restitution of the LIA's holdings in UniCredit and aerospace
giant Finmeccanica.
Last year, UniCredit froze the voting rights of shares held
by Libya following action taken by the European Union to
pressure the regime of Muammar Gaddafi to end its crackdown on
anti-government protestors.
Italy had also seized assets that it said belonged to
Colonel Muammar Gaddafi's family, at the request of the
International Criminal Court.
However, last June LIA appealed in the courts, saying it
was the legitimate owner of the assets, and not the Gaddafi
family.
Those assets also included investments in Italian carmaker
Fiat, soccer club Juventus and other companies including
construction group Impregilo.

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