ITALY – LIA and Mediobanca to raise $500m special situations fund

The potential partnership between Libya's Investment Authority and one of Italy's most influential investment banks draws attention to Libya's growing profile in Italian finance, with the Libyan Central Bank holding a 4.6% stake in Unicredit. The Libyan Central Bank also plans to subscribe to a Unicredit capital increase aimed at returning the Italian bank to financial health. Mediobanca is underwriting the rights issue.

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• Topics
• Credit/Special Situations
• Southern Europe