The Court of Appeal of Rome released the 0,58% stake held by the Libyan Investment Authority (LIA) in Eni. For the other investments, including the shares in Unicredit (1,265%) and in Finmeccanica (2%), the fourth section of the Court, according to what Radiocor learns, has postponed until 20 September.
The request for release from seizure by Lia's lawyers (Fabrizio Petruzzi, Michael Bosco and Ulisse Corea) concerned assets worth 1,1 billion lire placed under seal by the Guardia di Finanza last March, after the rogatory letter of the International Court of Justice in The Hague, which requested to take all actions and measures to seize the assets belonging to former Libyan leader Gaddafi.
In addition to shares in important Italian companies, Gaddafi's treasury includes properties worth 100 million, including a forest on Pantelleria. The postponement to September for the decision on the other shareholdings, for which Lia requests the release from seizure, is linked to the Court's desire to have clarifications on the companies owning the shares.
At the moment, the Lafico (Lybian Arab Foreign Investment Company) controlled by the LIA but managed independently which had some shares in its belly, has not yet appealed to request the release from seizure in Italy.
