Juventus Freezes Libyan Stake in Effort to Alleviate Embarrassment
Italian soccer club Juventus SC has frozen Libya’s 7.5 per cent stake in the club following the European Union’s sanctions on Libya’s sovereign wealth fund and its subsidiaries.
Italy’s largest bank, Unicredit SpA, owner of AC Roma, has also frozen the stake of its Libyan shareholder on instructions of the Italian Ministry of Economy and Finance.
“The cl…
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