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Libya Withdrawing Investments From BNP Paribas, Societe Generale

Libya’s Economic and Social Development Fund is withdrawing investments from French banks including BNP Paribas SA and Societe Generale SA as it shifts attention to its home market. The state-held fund, which has $12 billion in assets, had about $10 billion invested outside the oil-rich nation, fund chairman Mahmoud Badi…

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