Libya fund takes 2 pct UniCredit stake
MILAN (Reuters) - Libya's sovereign wealth fund has taken a 2.075 percent stake in UniCredit SpA, joining the Central Bank of Libya as a top shareholder in Italy's biggest lender, market regulator Consob said on Wednesday.
The date for the purchase by the Libyan Investment Authority was July 28, Consob said on its website.
The Libyan Central Bank holds 4.613 percent, according to Consob's website under an August 3 page update, alongside the Libyan Investment Authority's stake, giving these Libyan interests a total 6.7 percent holding.
Abu Dhabi's Aabar Investments PJSC took a 4.99 percent stake in UniCredit in June to become the second-biggest stakeholder after investment bank Mediobanca SpA, whose 6.76 percent stake is a financial holding linked to the conversion of special instruments.
UniCredit is on the short list for two new Libyan joint-venture banking licences for which foreign banks can bid for the first time.
A Libyan central bank source said this week that a decision was likely to be announced on the licences around mid-August.
Shares in UniCredit closed down 2.75 percent at 2.12 euros. The STOXX Europe 600 banking index was off 0.4 percent.
© Thomson Reuters 2016 All rights reserved