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Unicredit, the race of the 12 Arab funds

But there is also China with 0,46% held by six entities, including the Central Bank of China. Sovereign wealth funds are destined to have a primary weight, also in view of the recapitalization of the bank. Then there remains the unknown factor of 7,5% frozen in Libya.

Unicredit, the race of the 12 Arab funds

The rush of foreign sovereign wealth funds is massive. In particular, writes the Corriere della Sera, the Arab funds hold 6% of Piazza Cordusio (without considering the 7,5% of Libyans, now frozen).

There are twelve of them: a presence that represents a safeguard in view of the bank's capitalisation. Three entities are from Abu Dhabi, together they have a preponderant 5,5%. Six are from Kuwait (0,361%), two are from Saudi Arabia (0,182%), one from Oman (0,007%).

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