TAH was owned by the Libya Africa Investment Portfolio
and the Tripoli government then in charge of the whole country.
Yesterday, the High Court of England and Wales ruled that the defence provided by the Libya Africa Investment Portfolio
(LAP) against a case brought against it by Catalyst Managerial Services (CMS) was "fanciful".
LAP GreenN, a subsidiary of the Libyan Investment Authority's (LIA) Libya Africa Investment Portfolio
(LAP), is doing due diligence on the potential purchase, the sources said, and has hired an international investment bank to advise it, one of the sources told Reuters.
According to news24, the assets were placed in South Africa by the Libya Investment Authority, the Libya Africa Investment Portfolio
and the Libya Africa Investment Company - funds closely controlled by the Gaddafi regime.
In 2006, with the country's oil coffers full to bursting, the $8bn sovereign wealth fund, Libya Africa Investment Portfolio
, was set up as an umbrella organisation to oversea the country's often sizeable investments in Africa.
An EU statement said a partial freeze of assets of the Libyan Investment Authority and Libya Africa Investment Portfolio
imposed on Sept.
The move also covered the Libyan Investment Authority, the Libyan Foreign Bank, the Libya Africa Investment Portfolio
, the Libyan National Oil Corporation and the Zuietina Oil Co.
The EU froze the funds of the Central Bank of Libya, Libyan Investment Authority, Libya Africa Investment Portfolio
, Libyan Foreign Bank and Libyan Housing and Infrastructure Board because the five entities are under the control of Gaddafi and his family and are liable to be used to fund his regime.
The economy ministry said the move responded to a European Union decision this week to clamp down on Libyan state banks controlled by Gaddafi and that it also covered the Libya Africa Investment Portfolio
and the Libyan Foreign Bank.
The related Libya Africa Investment Portfolio
, a fund created in 2006 with a capital of $8 billion, is holding stakes in national and foreign companies such as OiLibya, Afriqiyah Airways, Sahel-Saharan Investment and Trade Bank, LAP Green Network, a telecom investment vehicle, and Libyan African Portfolio SA, an investment firm based in Switzerland, according to data of the SWF Institute.
Summary: Finmeccanica, the Italian leading aerospace, defence and security company and the Libyan Investment Authority ("LIA"), the Libyan sovereign wealth fund, and Libya Africa Investment Portfolio
("LAP"), an Investment Fund owned by LIA, share the view that Libya and the Middle East and Africa countries will offer, in the near future, significant investment opportunities in a broad range of industrial sectors