Financial Times FT.com

Libya fund considers Telecom Italia deal

By Andrew Parker and Roula Khalaf in London and Vincent,Boland in Milan

Published: September 25 2008 03:00 | Last updated: September 25 2008 03:00

A Libyan sovereign wealth fund is considering buying a minority stake in Telecom Italia, Italy's leading telecoms company.

The Libyan Investment Authority is considering paying about €2bn-€3bn ($2.9bn-$4.3bn) for a stake of up to 10 per cent in Telecom Italia, said two people close to the matter.

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