Tag Archives | Fiat

Libya's Italian Car and Football Assets Unfrozen

More Libyan funds invested in Italy have been unfrozen by the courts in Rome. The Libyan Arab Foreign Investment Company (LAFICO) first bought a 15 percent stake in the then-struggling car manufacturer Fiat in 1977 at the invitation of the company’s founding family, the Agnellis. It sold in 1986, but again took a two percent […]