Italian securities regulator Commissione Nazionale per le Società e la Borsa (Consob) has said that Libyan Investment Authority, the country’s sovereign wealth fund, has acquired a 2.01% stake in Italian defence and aerospace company Finmeccanica.
As per Italian securities regulation, shareholders are required to notify Consob once they cross 2% stakehold in any given company.
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Finmeccanica is Italy’s biggest defence and aerospace group by revenue.
