Gaddafi buys Juventus shares
Wednesday, January 9, 2002
Article summary
Libya's leader Muammar Gaddafi has taken advantage of Juventus FC’s stock-market flotation.
Article body
Libya's leader Colonel Muammar Gaddafi has taken advantage of Juventus FC's recent flotation on the stock market by buying 6.4 million shares.
Investment firm
Gaddaffi’s investment firm LAFICO (Libyan Arab Foreign Investment) has made the purchase, which equates to about 5.31 per cent of the Italian club’s assets. It is one of the biggest single investments since Juventus joined the Milan-based stock exchange in December.
'Big interest'
"The sale of a large amount of stocks to an important investment firm confirms the big interest there is in our club, and in our projects to develop the area of entertainment," said Juventus in a statement.
Rome clubs listed
Juventus are fourth in the Serie A table and are through to the second group stage of the UEFA Champions League. Two other Italian sides – AS Roma and S.S. Lazio – are also listed on the Milan exchange.
