Libya, the North African nation constrained by international sanctions for two decades, plans to sell shares in more state-owned companies as the government seeks to boost the economy and develop the bourse set up last year. The state-run Economic and Social Development Fund aims to offer foreign investors about 15 percent of 10 companies, said Suliman Alshohmiy, head of the Libyan Stock Exchange, in a telephone interview Tripoli yesterday. He didn’t say how much Libya is seeking to raise from the sales. “We have had much interest from all sorts of investors despite the global financial crisis,” said Alshohmiy, who is also the head of Libya’s regulator, the Capital Market Authority. (Bloomberg)
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