Now Reading:

Libyan stake boosts UniCredit shares


Libyan stake boosts UniCredit shares


Italian bank UniCredit’s shares rose 7.76 percent in reaction to news that the Libyan government is now its second largest shareholder with the friendly purchase of a 4.23 percent stake.

UniCredit shares had lost a third of their value since the beginning of October.

Although Libya’s decision pleased the market by providing much-needed financial support, it was not immediately clear what the political response would be.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article