The Libyan Investment Authority has bought a 3.01% stake in Pearson, the educational publisher, owner of the Financial Times and a UK-listed company for $324 million - The Financial Times is reporting and a filing shows.
According to FT, the $64 billion Libyan Investment Authority fund has so far made many of its portfolio investments through private equity funds and used banks in Europe and the US to run its investments. It is looking particularly for investments in western real estate markets and earlier this year bought 11 Upper Brook Street, a Mayfair office building.
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The full FT story follows
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