Libyan Fund Plans to Acquire Minority Stake in Italy's Eni.

The article announces the plan of the state-run Libyan Energy Fund to acquire the shares of Eni SpA on the open market with the purpose of building a stake of as much as 10 percent in the company. The energy fund also plans to push for representation on Eni's board. According to Shokri Ghanem, head of Libya's National Oil Co., it could be a 2 percent stake, 10 percent, depending on market conditions.