Tuesday 19 October 2010

UniCredit Reviews Libyan, Abu Dhabi Investors for Links, Messaggero Says - Bloomberg

UniCredit SpA’s Libyan and Abu Dhabi investors, which jointly own about 12.6 percent of the Italian lender, may have legal connections that would lead the bank to consider them as a single shareholder, Il Messaggero reported, without saying how it obtained the information.

UniCredit’s internal auditor, Ranieri de Marchis, is examining if the Libyan Investment Authority and the Central Bank of Libya, which together own about 7.6 percent of UniCredit, are independent entities amid a regulator inquiry, the daily said. De Marchis has found that the two investors may be linked to Abu Dhabi’s Aabar, which owns about 5 percent of UniCredit, through a Luxembourg fund, the newspaper said.

Voting rights of UniCredit’s shareholders are limited to 5 percent.

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